What is an independent examination?
An independent examination is a reduced form of scrutiny than an audit, and involves checking that the financial statements agree with the underlying records. As part of the independent examination we need to meet or talk to a trustee, and to examine minutes of meetings.
When do you need an independent examination?
Registered charities need to have an independent examination if their annual income is over £25,000. If annual income is over £250,000 then the independent examination needs to be done by someone who is a member of a professional body listed by the Charities Act (for example ICAEW or ACCA).
Value-added independent examinations from Slade & Cooper
We aim to make this process as smooth and painless as possible, meeting your internal deadlines without stress.
- During the course of our work, if we find issues with your internal systems or governance, we will help you find practical solutions.
- We will let you know about any regulatory changes that might affect you.
As a Slade & Cooper client you know you can always pick up the phone and talk to us – we do not charge for ad hoc advice. See our pricing policy.