The Charity Commission and the Office of the Scottish Charity Regulator have launched a consultation on possible improvements to the new charities Statement of Recommended Practice (SORP) for reporting and accounting ahead of the next round of planned updates to UK accounting standards. The seven-month SORP research exercise focuses on the Charities SORP (FRS 102). This is because the Charities SORP (FRSSE) does not apply for reporting periods (financial years) beginning on or after 1 January 2016.
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