Better reporting tops charity FDs' agenda
The Charity Finance Directors Group has launched a major project to improve the consistency of charity reporting.
Charities have, in the past, been accused of poor financial reporting which heightened to an almost feverish level after the 11 September attacks.
Mary Louise-Wedderburn, who has been appointed project manager, and is a chartered accountant, said one of the main reasons for the project was to appease stakeholders.
‘It would be a sign of complacency to say that all was well with the world,’ she said when asked whether the project was an admission of problems in charity financial reporting. ‘Really the purpose is to say: “what can we do better”.’