Regulators set out plans to ensure the charity accounting framework better serves the public

The Charities SORP-making body has set out plans to change the way the charity accounting framework, the Statement of Recommended Practice (SORP)*, is developed so that it better meets the needs of users of charity reports and accounts.

The group is introducing changes to the development process of the SORP following a comprehensive governance review, which recommended that it must change in order to meet “new public expectations”.

The review was led by Professor Gareth Morgan and its findings and recommendations are available on the SORP website.

To read the full press release, please click here.