ACCA Calls on UK Government to Ease Charities’ Financial Burden by Reviewing Audit Thresholds - Business in the News

ACCA calls on UK Government to ease charities’ financial burden by reviewing audit thresholds | West Wales Chronicle : News for Llanelli, Carmarthenshire, Pembrokeshire, Ceredigion, Swansea and Beyond

The response calls for an increase in the audit threshold in England and Wales, following a proposed increase to the audit threshold in Scotland Accountancy body calls for a structured, periodic review cycle of financial thresholds to ensure greatest possible alignment with accounting standards and sector changes. At least every 10 years should be the minimum requirement, with a preference for five-yearly reviews. The government should commit to…

ACCA calls on UK Government to ease charities’ financial burden by reviewing audit thresholds - Business in the News

The response calls for an increase in the audit threshold in England and Wales, following a proposed increase to the audit threshold in Scotland Accountancy body calls for a structured, periodic review cycle of financial thresholds to ensure greatest possible alignment with accounting standards and sector changes. At least every 10 years should be the minimum requirement, with a preference for five-yearly reviews. The government should commit to…

ACCA proposes decennial review of charity financial thresholds

The Association of Chartered Certified Accountants (ACCA) has proposed that the UK Government should undertake a review of the financial thresholds for charities every ten years.   This recommendation was put forward in response to a consultation by the Department for Culture, Media and Sport (DCMS), concerning the financial criteria that dictate various reporting and auditing requirements for charities.  ACCA has advocated for the establishment…