The Charity Commission is warning the public over a suspected golden jubilee publishing scam after it was alerted by Buckingham Palace.
Palace officials alerted the body after royal-affiliated charities raised concerns that attempts had been made to sell advertising space in bogus commemorative books.
Simon Gillespie, director of operations at the commission, said: ‘We are issuing this warning to all charities, but those with royal connections are most likely to be approached.
‘We’re grateful to Buckingham Palace and to the charities affected for raising the alert so rapidly. If charities are in any doubt they should contact us or the golden jubilee office for more information.’
To find out more about the commission visit www.charity-commission.gov.uk
The Public Audit Forum, representing the six national public sector audit agencies, has released a revised version of Propriety and Audit in the Public Sector. The guide aims to promote a common understanding of what constitutes propriety in the public sector and follows a wide study by the forum of the expectations placed on those involved in the governance and audit of organisations in the public sector by parliament and other elected bodies.
The report can be found at www.public-audit-forum.gov.uk
South Africa has become the first country to formally announce its intention to adopt International Federation of Accountants’ public sector accounting standards.
The South African government will use IPSASs as a basis for the development of public sector generally recognised accounting practice.
South Africa’s decision will give added weight to the momentum building over IPSASs with the OECD having already adopted the public sector standards for the preparation of its 2000 annual results.
Full story at www.accountancyage.com/News/1125049
CIMA has produced a guide to help finance managers in the NHS understand issues arising from the introduction of resource accounting and budgeting.
The guide aims to give a practical briefing and highlight major areas that are causing confusion. Resource accounting has become an integral part of financial reporting in the NHS following a dry run in 2000/2001.
More details of the report can be found at www.cimaglobal.com.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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