Sheffield

UHY’s comments on the Exposure Draft Charities SORP

In July 2013, the Charity Commission issued an exposure draft of the new ‘Charities Statement of Recommended Practice (SORP): Accounting and Reporting by Charities’ for consultation. The new SORP will have a significant effect on the future of UK financial accounting and reporting for charities and other not-for-profit organisations. We at UHY Hacker Young are well aware of this and, therefore, submitted our comments to the Charity Commission during the consultation period.