Watchdog finds only half of charity audits met benchmark

The UK’s charity watchdog has published a study that found only around half of the charity accounts reviewed met the regulator’s external scrutiny benchmark.

The Charity Commission for England and Wales has accused some auditors of ‘letting the profession and charities down’, after the sample of 296 charities’ accounts were assessed against new external scrutiny benchmarks developed by the Commission to determine whether a minimum standard of scrutiny was being met by auditors.

Read more at the Accountancy Age.