The Next 5 Years – What Financial Reporting Might Look Like for Charities (April 23)
Category: Financial Reporting | Duration: 1hr | Tag: VODUK2326 | Type: Video | Speaker: Claire Thomson | Date: 27/04/2023 10:00
Course Details
Accounting for charitable entities can be complicated, not least when there is so much change happening in the UK accounting and audit market over the coming years. The FRC will be replaced by a new regulator, ARGA, Companies House are bringing in new requirements to improve the integrity of the Companies Registry and the information it holds, and accounting standards are being reviewed for potential realignment with international standards.
In this session, we look at the changes that are coming down the line, and consider what the changes mean for the charity sector. We consider what the Charities SORP Committee are discussing, in terms of potential changes to the SORP, and we look at the key principles of impact reporting. We also take a look at the proposed international reporting standards being developed for not-for-profit entities, and the potential impact it might have on UK reporting.
In this session, Claire Thomson covers:
• Companies House reform – what this means for charities and their trustees
• Potential changes to FRS 102
• What is impact reporting?
• International Financial Reporting for Non-Profit Organisations (IFR4NPO)
CPD Course Speaker
Grant Thornton
Claire Thomson
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.