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Authorisation and review of journals

13 November 2015

When internal controls have been bypassed and a fraud has been committed, the guilty party will often attempt to cover their tracks. A typical method of concealment is to use journal postings.

Disguising poor results

13 November 2015

Fraud is not only the physical theft of assets but can also be in the form of manipulation of financial results to present a picture the fraudster wishes the readers to see.

Facilitate a strong control environment - trust is not a control

13 November 2015

Lately we have seen a rise in fraudulent activity in the not for profit sector. We regularly hear of charities falling victim to frauds, both internal and external and individuals using charities’ brands and name to collect monies using peoples good nature .

Risks of electronic banking

13 November 2015

Cash theft is one of the most common types of fraud in not for profit entities, with cash donations being a key income stream in many charities.

Understanding the role of volunteers

13 November 2015

Not for profit entities are reliant on an environment of trust and honesty, which may be appealing to would be fraudsters as charities are seen to be extremely respectable, providing a veil for them to hide behind.

Charity Financial Statements - Top Ten Common Errors
Nick Sladden

14 September 2015

Charity financial statements are a specialist area and it is easy to make mistakes. In this series we will be briefly highlighting what we believe are the top 10 errors charities can sometimes make when preparing their financial statements.

Gift Aid donor benefits - a new beginning or the beginning of the end?
Nick Sladden

29 July 2015

The donor benefit rules affect fundraising activities carried out by many charities - particularly admissions charities and those with membership or patrons’ schemes.

Retrospective VAT liabilities for charities and suppliers of bulk mailings
Nick Sladden

28 July 2015

HMRC has now issued its Revenue and Customs Brief in respect of the VAT liability of direct marketing services using printed matter.

Charities SORP - Do you have a trading subsidiary? Think before paying up gift aid this year
Nick Sladden

02 July 2015

On 31 October 2014 the ICAEW issued its technical release Guidance on donations by a company to its parent charity which considers the accounting implications of legal advice that donations of taxable profits by a subsidiary company to its charitable parent constitute distributions rather than donations.

The state of charities
Karen Spears

01 July 2015

RSM has recently published the results of our survey 'the current and future state of charities 2015 – spring into action'.

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