More than half of UK finance directors believe charity finances are at risk from poor controls, according to this week’s Accountancy Age/Reed Accountancy Big Question survey.
The damning indictment of the sector comes as industry watchdog, the Charity Commission, launched the second leg of its ‘Accounts aren’t optional’ campaign.
‘I would say there is always a risk of abuse where controls are lacking,’ said John Davies, finance director at Moore & Batch solicitors. Many believed a lack of quality personnel was a problem, with one saying that charities were ‘under-resourced in the area of financial management’.
Of the few FDs who believed charity financial controls are sound, John Lycett, FD at Macreadys, said problems only tended to occur ‘with charities that try to improve an already working process’.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars