Interested to Buy Any Domain ? << Click Here >> for more details...
If a charity is required to have an audit carried out due
to the level of incoming resources or expenditure, but then
is below the threshold in the following years, is an audit
still required?
- 1 Answers
- 4959 Views
- I also Faced
- E-Mail Answers
Answer / guest
Yes. The Charities Act 1993 requires an audit to be carried
out if the charity?s gross income or total expenditure
exceeds ?250,000 in either:
(a) The relevant year or
(b) The financial year immediately preceding the relevant
year or
The financial year immediately preceding the year specified
in paragraph (b) above.
Therefore, once an audit is required, there is a further
requirement for an audit to be carried out for the
following two years.
| Is This Answer Correct ? | 2 Yes | 0 No |
Do you know the different types of audits?
What do you think you will be doing in your first year with us?
What is fictitious assets?
what is GSP . Pls clear it
what is statutaru audit??
What is audit control procedure?
what is accounting
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
How will u handle accounts receivable?
20 Answers Ask Agro Chemicals, Genpact, State Bank Of India SBI, Wipro,
Our one Company Profit is 67.61 Lakh, How to Calculate Advance Tax For First Qurter Als?
a can do how many company audits
what do you mean acculmated depreciation?
Audit 
