Charities are fundamentally different from for-profit entities in terms of their income streams, their costs and the very reason they exist. These differences are reflected in charity accounts so it is no surprise that they can present different challenges to auditors. This session will focus on the key areas of the accounts where these differences arise and consider the different ways auditors might approach them, depending on the circumstances of the charity. Specific areas covered include:

• Trustees’ Annual Report
• Funds
• Income
• Charity specific assets
• Additional disclosure requirements for charities