Consultation on new Statement of Recommended Practice
The Charity Commission and the Office of the Scottish Charity Regulator are inviting comments on a consultation on a new draft Statement of Recommended Practice (SORP).
The SORP is being reviewed and revised in response to the arrival of the new Financial Reporting Standard issued in March 2013 by the Financial Reporting Council.
The consultation runs until 4 November 2013 and the new SORP will apply for accounting periods starting on or after 1 January 2015.
key action point:
- For more information and to view and respond to the consultation visit the Charity Commission's website.