The impact of the Statement of Recommended Practice (SORP) on charitiesNumber crunching |
By Pesh Framjee, head of the non-profits unit at Deloitte
The charity sector, with income estimated as being in excess of £20bn, is an important part of the UK economy, so it is not surprising that charity accountability is moving centre stage. This year sees important new initiatives and developments aimed at shaping how charities identify, record and report on what matters. The government in its response to a Cabinet Office report on the charity and non-profit sector focused on the Statement of Recommended Practice (SORP) on accounting and reporting by charities as being the vehicle to improve the quality of reporting.
Read the full article on the impact of the Statement of Recommended Practice which appeared in the Spring 2005 edition of Solicitors Journal.
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