We are often asked for advice on financial controls by our charity clients, whether in relation to new organisations or activities being set up for the first time, or to provide assurance on existing procedures.
An excellent resource for understanding what types of controls charities should have in place is the “CC8” guidance produced by the Charity Commission, which also includes a detailed self assessment checklist. Information on these is available here.
While financial controls are considered as part of normal external audit work, there can be a benefit to undertaking a more in depth review and we have investigated and reported on this for a number of clients.
If you wish to discuss a detailed review of your financial processes, please get in touch with either Steven or Euan.
