Poor accounting
12/09/2008
Poor basic accounting and reporting practices are still the main causes of malpractice among charities.
This is according to the Charity Commission, which conducted its first annual review of the key themes that arose from its compliance work from April 2007 to March 2008.
The Charities Back on Track report – a result of 799 assessments of charities in the last year – said that while good governance is key to all aspects of running a charity, the basics are sometimes overlooked.
The report also highlighted a lack of proper controls which exacerbated existing problems and made it harder for charities to get back on proper footing when problems arose.
