Updated: Consultation feedback added.
Independent examination is the alternative form of scrutiny to an audit which is available to smaller charities. The proposed Directions are rephrased in plain English and take our new approach to ‘should’ as expected practice. A new style of examiners’ reports is proposed along with revised guidance on when to report matters directly to the commission. The consultation is open until 30 September and the revised framework for independent examination is proposed to take effect for reporting periods (financial years) ending on or after 31 March 2017.