Warning on failed charity accounts
13th June 2008, 3:03 pm
The Office of the Scottish Charity Regulator warns, in its latest Reporter e-newsletter, that submitted annual accounts which do not meet the required standard will, for accounting periods ending 31st March 2008 and later, be returned to the charity. The charity will then have to make the necessary changes to the accounts and re-submit them within 60 days.
Previously OSCR had taken a pragmatic approach and written to the charity with a qualified pass letter, highlighting the deficiencies requiring compliance in the following year. http://www.oscr.org.uk/AnnualReturn.stm.