Following the launch of the CCEW external scrutiny benchmark in August 2019, the Commission has now signed a data sharing agreement with the ACCA which will allow the referral of concerns about accountancy services provided to charities.
When the benchmark was launched the Commission stated that where they found examples of poor compliance, they wished to report these to the relevant professional bodies and, this is the first formalisation of such an agreement.
The memorandum of understanding allows for sharing of information in both directions in a lawful, safe and secure manner with the aim of ultimately raising standards of charity accounting.
Both parties see this as a positive step in improving their working relationship and improving standards across the whole sector.
There will likely be more of these arrangements to come with other professional bodies!
How can Mercia help
Our training, publication and compliance reviews are all structured to help practitioners to perform their work in line with the standards expected by the Charity Commission. If you would like to talk to us about reviewing your work to ensure you are complying, please get in touch.