The commission said there were just a few weeks to go for charities to submit their 2001 accounts, annual returns and annual reports.
Charities with annual income and expenditure that exceeds £10,000 are compelled by law to submit these documents within 10 months of the end of their financial year.
Most charities should already have sent their 2001 accounts; those whose financial year-end was 31 December 2001 have until 31 October 2002 to meet the deadline.
The commission said failure to submit on time was a ‘serious matter’ regarded as evidence of poor management, which could result in formal inquiry action. A number of trustees have been prosecuted for persistently failing to submit their documents on time.
Charity Commission director of operations, Simon Gillespie, said:
‘Submission of accounts is a vital element in maintaining public confidence – not just for individual charities but for the sector as a whole. So this week, we’re urging charities not to get behind with their paperwork.
‘The Commission takes a robust line on non-compliance. Defaulting charities can expect to find themselves listed on our web site as not having submitted their returns on time.’
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester