Independent Examination is specially designed for charities as a form of external scrutiny of accounts to meet Charity Commission and Company House requirements. Around 95% of charities whose income and assets fall below the statutory audit threshold could benefit from this lower cost option.

We can help you

Please contact us if you need independent examination. Our examiners are expereinced charity accounting professional to meet your requirements including preparing accounts in SORP format for examination.

Trustees may opt to have an independent examination subject to;

 1) Audit thresholds

 Accounting periods ending on/after 1 April 2009

Accounting periods beginning on/after 27 February 2007 and ending on/before 31 March 2009

2) Governing Documents: If the governing document specifies the requirement of an audit then charity can consider replacing specific reference to ‘audit’ with reference to the provision of the charities act to enable the charity to opt for independent examination. This is usually relatively simple and can be done without prior permission of the charity commission.

3) Charitable companies: Charitable companies are only eligible for independent examination in respect of accounting periods beginning on or after 1 April 2008.

 4) Funding agreements: It is worth checking with funder when they require audit, whether they are happy with the independent examination.

You can obtain details guide (CC31 and CC32) from Charity Comission website

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