Charities SORP-making body expanded to promote high quality financial reporting across UK and Ireland

Jul 04, 2018

Northern Ireland and Republic of Ireland regulators to be included in new charity sector SORP making body

The four charity regulators of the UK and Ireland will for the first time work together to develop the charity accounting framework for use across all four charity law jurisdictions. 

The Financial Reporting Council (FRC) has approved the addition of the Charity Commission for Northern Ireland and the Charities  Regulatory Authority for the Republic of Ireland as joint members of the SORP-making body with the Charity Commission for England and Wales (CCEW) and the Scottish Charity Regulator (OSCR). The inclusion of the Charities Regulatory Authority is subject to the SORP being formally adopted by way of regulations for use in the Republic of Ireland

For more information on this development see here