Information hotline : 0871 288 2391
Email : info@independentexam.co.uk
Advance notice of new training materials and on line tutorials
From early 2008, the regime of independent examination is to be extended to all charities with gross income between £10,000 and £500,000 per annum. Thie law now requires an independent examination, for the first time, for all incorporated charities with gross income in the range £10,000 to £500,000. For unincorporated charities the upper limit has been increased from gross income of £250,000 to £500,00 per annum.
How Well Prepared Are You ?
In the coming months, Sorpaid intend to publish training material that will cover the following topical issues :-
Resource No 1 - The duties of Trustees
The Directions lay a responsibility on trustees to see that a proposed examiner is suitable, competent, independent, has practical experience and has qualifications suitable for the size and scale of the charity.
How will you select a suitable Independent Examiner to comply with the rules?
Our interactive training materials will take you through the entire process from initial interview to the engagement letter, ensuring that trustees can meet their obligations
Resource No 2 -The duties of Independent Examiners
How does an independent examiner actually carry out the nuts and bolts of an examination?
Examinations of small charities can be carried out by examiners with little formal accountancy training, yet the rules require the maintenance of a proper working paper file, and the following of strict procedures. Even qualified accountants who might well know how to prepare a working paper file for a non-charity, may not be familiar with the required procedures for a charity and may well struggle to comply.
All the resources an Examiner will need.
This training resource will follow through the step by step process of independent examination in accordance with the Charity Commission Directions.
This will enable a proper, professional examination to be carried out by anyone whether for a large or a small charity.
Resource No 3- A Model Working Paper File'
We will also be publishing a model independent examination working paper file to comply with the new rules
There are published standards on the maintenance of working paper files. The Directions require an examiner to maintain the files for several years, because a proper working paper file will be vital in any court or investigation proceedings. Our model file will enable an examination to be carried out to the highest standards., and you can use the file for as many charities as you wish. It will be annually updated to reflect changing law and practice.
Special discounts for advance orders and pre-registration
You will receive a discount from the price for each resource of £35 if you:
- Register a firm interest before Christmas 2007 (15% discount in addition to the discounts below)
- Order any two items (10% discount on the price after any registration discount)
- Order all three items (20% discount on the price after any registration discount)
All materials are interactive and available in a variety of formats.
At less than £100 for the package containing all three items in electronic form we expect demand to be high so it makes sense to register your interest now (without legal committment) using our pre-registration form to the right of this page.Visit sorpaid.com to see the full range of services avaliable for charities and charity accountants
