New risk framework published by The Charity Commission
Today, the Charity Commission has published a new risk framework, explaining the Commissions approach to regulation and how it assesses risks affecting charities.
The key points of the new framework are:
- The commissions approach to protecting the public’s interest in charity.
- An emphasis on preventing problems, identifying risks early and providing web based guidance.
- Explanation of when the Commission will intervene in serious cases of non compliance or abuse.
- Routinely checking a sample of accounts each year.
- Monitoring trends in data and highlighting charities that fail to file annual returns or accounts on time.
- Providing streamlined processes.
Sam Younger, Chief Executive of the Charity Commission said “In discussions with the sector about our strategy, there was a strong emphasis on managing and identifying the areas of greatest risk to charities and the wider sector. This approach sets out how we will use our resources and expertise to target the areas of highest risk and where our intervention will have the most impact.”
Date: 17th January, 2012
Articles from this Author
1st August, 2017
Charity Governance Code
7th July, 2017
ICAEW Audit insights: charities – positive impacts in challenging times
21st November, 2016
Academies update-Academies Financial Handbook 2016
20th April, 2016
Trustees – would you be able to manage any financial difficulties that could affect your charity?
“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole