13 September - Talking charity: What's new in financial reporting

Hosted by Charities Panel Chair, Keith Macpherson, and RSM's Head of Non-for-Profit in Scotland, Kelly Adams, this webinar explores what’s new in charity financial reporting and takes you through key sector developments.

This webinar provides the opportunity to hear about the latest developments in charity financial reporting in advance of anticipated changes to FRS 102 and the Charities SORP. The webinar also explores how recent key changes to auditing standards are impacting on the work of charity auditors and provides insights into how charities can conduct a successful audit tendering exercise.

The Financial Reporting Council is currently analysing responses from its consultation on proposed changes to UK GAAP, including FRS 102. The FRC’s primary aim for FRS 102 is to reflect key changes made to IFRS Accounting Standard on accounting for contracts with customers and leasing. The webinar explores the implications for charities from these changes and discusses other topical financial reporting issues impacting on the sector.

There is also an update on the Charities SORP Development process, established by the Charities SORP-making body, to support the preparation of the next edition of the Charities SORP. The next edition of the SORP will reflect what key FRS 102 changes mean for charity accounts along with some other changes intended to better meet the needs to the sector.

Changes to auditing standards mean that auditors are having to continue to evolve the way they approach audit engagements. The webinar touches on some recent key developments in auditing and how charities’ experience of being audited may be impacted.