The Wheel Announced as Convener of SORP Engagement Panel
The Wheel, represented by its Director of Finance Tony Ward, is delighted to have been selected as the convener of the engagement panel for large charities as part of the overall Statement of Recommended Practice, Accounting and Reporting by Charities (SORP) review process.
The SORP-making body launched the new engagement process on 8 July with an initial conference call with the volunteer conveners of each of the six engagement strands. The aim of the new engagement process is to collect views and ideas on improving the SORP early on in the development process.
To learn more about the work being undertaken and how it is informing the thinking of the Charities SORP-making body and advisory Charities SORP Committee, visit the linked engagement page here.
Commenting on the announcement, Tony Ward said “we are delighted to have been selected on the engagement panel for large charities and to have been chosen as the convener for that strand. SORP and good reporting for charities has been of ever-increasing importance over recent years and reporting to that standard is likely to become a requirement by the Charities Regulator once its financial regulations are approved. We see this as an important leadership role that we can play for the charities sector as the SORP is reviewed over the next couple of years”
Charity SORP Survey
An initial survey on SORP and experiences in the Republic of Ireland has been developed.