All four charity regulators in the UK and Ireland have launched a consultation on reforming the Statement of Recommended Practice (SORP) for charities.
In response, the AAT (Association of Accounting Technicians) has recommended changes to the composition of the SORP committee stating that donors, beneficiaries, trustees from smaller charities and preparers of the accounts of smaller charities do not appear to be appropriately represented at present.
In addition, the AAT said that it would be useful to have a “small number of non-technical professionals on the Charities SORP Committee”, in order “to better reflect the views of users of accounts”.
The group said the consultation also asks respondents how the SORP making body could improve its consultations processes, especially with a view to encouraging participation amongst under-represented groups.
Phil Hall, AAT head of public affairs and public policy, said: “AAT has over 140,000 members, of which 9% identify as working in the charity sector; many of our licensed accountants will have a range of different charities as clients and some members spend time volunteering for a charity, the development of the Charities SORP is therefore of considerable interest.
“Put simply, AAT is keen to see wider experience and representation on the SORP committee, simplification where possible and a SORP that is more widely accessible.”