Technical factsheet: matters of material significance

In November 2017, the Charity Commission issued updated guidance in the form of Matters of Material Significance reportable to UK charity regulators – A guide for auditors and independent examiners. The guidance applies to both independent examiners and auditors, who have a duty to report matters of material significance to the relevant charity regulator, and applies for all audits or independent examination reports being issued, regardless of the accounting period being examined.

You can also watch a free webinar covering reporting duties of auditors and independent examiners: an essential update on the current guidance, the shortcomings identified by the Charity Commission with reporting, and the essential next steps for all auditors and independent examiners.