The responses are in and the Charities SORP consultation has now closed. Charity accounting expert Naziar Hashemi (Crowe UK) and Richard Sagar (CFG) talk to CFG's Sarah Lomax about the consultation process, what the responses looked like, and what charities can do to prepare for when the new SORP comes into effect.
This second part of our SORP podcast series follows on from our conversations with Carol Rudge and Debra Allcock-Tyler in June.
Resources:
The Charities SORP website
Charities SORP - Invitation to comment
Charity Commission press release: Updated SORP
FRS102
CFG's SORP news page
Lease Accounting FRS 102 | Crowe UK
The SORP exposure draft and legacy recognition, Pesh Framjee
Media release: CFG warns tiering proposals are problematic
Podcast produced and edited by CFG. If you have any questions or comments, please email Emma Abbott, Communications Manager:
[email protected].
The views and opinions expressed in our podcast are those solely of the guests and do not necessarily reflect the views of Charity Finance Group.