Description
Many small and medium sized practices in UK now find that a large proportion of their remaining audits are charities. They also find that undertaking the audit work on a cost effective basis, whilst maintaining compliance with the International Standards of Auditing (UK), is extremely difficult. This Charity Audit Programme is designed to assist you with this.
This product will help you:
Demonstrate cost effective ISA (UK) compliance to your regulator; and
Demonstrate sufficient tailoring of your audit procedures for the nature of the charity to your regulator.
The product also has a work programme designed to assist firms in documenting the procedures undertaken when performing an independent examination. The programme is designed to help comply with both the Charity Commission’s guidance on independent examination assignments, and International Standard on Review Engagements (ISRE) 2400, which the Charity Commission guidance refers to.
Contents
The Charity Audit Programme Version 7 contains:
- Detailed guidance notes on how to apply the programme.
- A Permanent Audit File containing schedules for demonstrating your knowledge of the charity, accounting systems and controls, related parties acceptance procedures and risk assessments.
- A Current Audit File with a planning and completion section and separate schedules for the planning and completion sections of the job. There are also detailed schedules for post balance sheet events and going concern and for all items contained in the Balance Sheet and in the Statement of Financial Activities (SOFA).
- There is also a separate work programme for Independent Examination assignments.
