Charities audit and finance committee effectiveness

Charity audit and finance committees

Audit, finance and risk committees have an important role to play. Charities must improve decision making and become more accountable for the way funds are raised to regain public trust. But with little central guidance, how can charities make sure their committees are fit for purpose and contribute to good governance?

The role of audit and finance committees

Charities audit and finance committee effectiveness

When and how to set up a committee

Charities must decide whether they set up separate committees to deal with audit, finance and risk issues or create combined committees.

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Running an effective committee

Running an effective committee

Committees are responsible for assessing the integrity of internal control systems to ensure financial and non-financial threats are properly identified, monitored and managed. This is a challenging task for many.

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Charities audit and finance committee effectiveness

Coming soon

Our audit and finance committee best practice guide: our technical handbook aims to help charities set up effective audit committees and turn all lights green. This practical tool will serve as a helpful reference point, even for charities that have good governance. 
Green lights ahead

Green lights ahead

Our survey findings report offers advice on how to run effective committees including benchmarking figures to compare your organisation against others in the sector. The survey represents the views of 156 charity respondents from across the UK.

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Charities audit and finance committee effectiveness

Continued success

A lack of cash will cause a charity to fail. To avoid this, finance must be a key consideration for the committee.

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