Ffeil / File BB/2 - Recommended practice for accounting and reporting

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BB/2

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Recommended practice for accounting and reporting

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  • [2005] (Creation)

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Documents titled 'Accounting And Reporting By Charities: Statement Of Recommended Practice', which include statements by the Accounting Standards Board and the Charity Commission for England and Wales.

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The International Accounting Standards Board (IASB) is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRSs). It was formed in 2001 to replace the International Accounting Standards Committee (IASC) and operates under the oversight of the IFRS Foundation. (https://www.iasplus.com/en-gb/resources/ifrsf-en-gb/iasb-ifrs-ic/iasb#:~:text=The%20International%20Accounting%20Standards%20Board,oversight%20of%20the%20IFRS%20Foundation. (paraphrased))

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Established in 1853, the Charity Commission for England and Wales is a non-ministerial department of the Government that regulates registered charities in England and Wales and maintains the Central Register of Charities. Since the 2000s, governance of charities in the United Kingdom has been devolved, operating in Scotland as the Office of the Scottish Charity Regulator (since 2003) and in Northern Ireland as the Charity Commission for Northern Ireland (since 2008). (Wikipedia (paraphrased))

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  • Text: BB/2 (Box 5)