Charity regulators are considering whether to amend proposed tiers for accounting requirements after some in the sector raised concerns about the suggested levels in a consultation.
The draft Charities Statement of Recommended Practice (SORP) proposes three tiers of reporting requirements: the first applying to charities with an income below £500,000, the second to charities with a turnover between £500,000 and £15 million and the third concerning charities with revenues over £15 million. Read more here.