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Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
As you are probably aware a large charity, although it does not have to comply with the Companies Acts, its accounts have to conform to the principles therein.
I agree that the standard wording of the auditor's statement is a convoluted expression that the accounts represent a true and fair view of the activities of the charity and comply with the various governing principles. What is actually being expressed is two fold:
Firstly they reflect a true and fair view;
and secondly they comply with the relevant statutory requirements:
No more and no less.
I do hope that you have found my reply of assistance.
I sincerely ***** ***** but was the cash mislaid before or after the end of the relevant account period. Were it the former it should have been mentioned and if after and before publication of the report and accounts it should have been included as a post balance sheet event. Otherwise it comes into the next account period for audit consideration.
Are you quite sure that you wish to be associated with this charity?
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In my opinion it was his duty to draw attention to the position for both the Trustees and the supporters of the Charity information. Were I the Auditor I would most certainly have commented. You don't loose 8K in the bottom of your trouser pockets. Having said that when I handled large quantities of cash I always put it in coat and trouser pockets and nonchalantly held a bank bag which held the coin!, but I was never jumped!
Thank you for your support.
Evening, actually, I am answering you from a location 6 hours ahead of BST!