Introduction and Contexts
There is a great variation in terms of the quality and range of information currently provided by charitable companies in their financial statements to the Companies Registration Office (CRO). Some charities comply with the minimum standards required under company law, some Irish charities go beyond the minimum, whilst some even comply with the Statement of Recommended Practice for Financial Reporting by Charities (SORP) standard, which is recommended best practice by the Accounting Standards Board (ASB)