will slow or cease. Goal Key goals Potential advantages Potential disadvantages 4 Be proportionate in which annual returns will be Increase proportion and speed Increasing reliance on checked for compliance and the rate at which of checking regime. technology may create new checks are completed: issues and frustrations among Addressing charities that have the sector. By using IT systems to automate monitoring and failed to comply with the checking of SORP accounts, which are prepared accounting and reporting Many annual returns and under the mandatory framework for reporting regulations through accounts will not be checked charity accounts. and regulatory but will be on view to the guidance. public. Focus staff on manually checking a proportion of Receipts and Payments accounts submitted as part Identify trends and errors and of the annual monitoring regime. provide appropriate thematic reports on lessons learned for Focus checking on higher risk cases the sector on accounting matters. Focus on addressing or taking action against those charities that become “in-default”. Improve compliance in a proportionate way as the annual reporting regime becomes established. Improved accuracy of the register and improved public understanding of the charity accounts and the Commission’s work. 5 Prioritise the investigation of serious Improvement in good Public opinion may rate issues mismanagement in charities by: governance which the Commission has not addressed as being more Applying risk assessment criteria to focus resources Fulfils Commission’s relevant to its trust in on investigating only the highest risk concerns. undertaking to be a charities.
will slow or cease. Goal Key goals Potential advantages Potential disadvantages 4 Be proportionate in which annual returns will be checked for compliance and the rate at which checks are completed: By using IT systems to automate monitoring and checking of SORP accounts, which are prepared under the mandatory framework for reporting charity accounts. Focus staff on manually checking a proportion of Receipts and Payments accounts submitted as part of the annual monitoring regime. Focus checking on higher risk cases Focus on addressing or taking action against those charities that become “in-default”. Increase proportion and speed of checking regime. Addressing charities that have failed to comply with the accounting and reporting regulations through and regulatory guidance. Identify trends and errors and provide appropriate thematic reports on lessons learned for the sector on accounting matters. Improve compliance in a proportionate way as the annual reporting regime becomes established. Improved accuracy of the register and improved public understanding of the charity accounts and the Commission’s work. Increasing reliance on technology may create new issues and frustrations among the sector. Many annual returns and accounts will not be checked but will be on view to the public. 5 Prioritise the investigation of serious mismanagement in charities by: Applying risk assessment criteria to focus resources on investigating only the highest risk concerns. Improvement in good governance Fulfils Commission’s undertaking to be a Public opinion may rate issues which the Commission has not addressed as being more relevant to its trust in charities.
strategic-plan-2019-2022-comment-phase-document.docx