Charities make a promise to their communities of supporters, beneficiaries and funders. These communities, the general public and the regulator seek increasing transparency about how the promise is delivered. How do you do this? Are you presenting a balanced view in your annual reporting?
We can help you think about the structures and processes you need in place to achieve your aims.
Internal audit is not just about compliance with regulations. It is often portrayed as dull and boring, ticking and bashing. It’s not!
The internal audit profession has moved away from that into a much more forward looking approach which is linked to risk.
What are the benefits?
Busy trustees will welcome the concept of internal audit which can provide assurance that their charity is delivering its promised outcomes. This lies at the heart of Trustees’ Responsibilities.
What’s more, from 2015, the Charity Commission Annual Return will require confirmation that trustees have reviewed the financial controls of the charity. Our internal audit team can help with providing an independent confirmation about this with advice on systems and procedures.
Assurance reporting can inform strategic reviews, by checking alignment of key elements outlined in a planning life cycle.