Scottish Charity Accounts - Part 1 The Overview

07/02/2007

Part 1: The Overview provides an introduction to the main provisions of the Act and the Regulations and contains three flowcharts so charities can easily identify: whether they should prepare their accounts on the basis of receipts & payments or accruals, and whether their accounts should be subject to an independent examination or audit. The Overview should be read in conjunction with Part 2 for receipts and payments accounts or Part 3 for fully accrued accounts.