Consultation on the process for developing the SORP

Published on 20th October 2019

The SORP is the Statement of Recommended Practice giving guidance on financial accounting and reporting for charitable ethics.

The charity regulators in the UK (CCEW, OSCR and CCNI) as the SORP-making body for charities sought views on what changes may be needed to the process used to develop the SORP ‘Guiding the Development of the Charities SORP’. The SORP-making body aims to make changes so that the charities SORP continues to serve the needs of those interested in the work of the charity sector and the sector itself as well as it can.

A consultation document was issued: Guiding the Development of the Charities SORP. In addition to inviting responses, two consultation events were held and a number of respondents requested a meeting with the Panel to express their views.

The Regulators intend to make any changes in time for the development of the next full SORP. The consultation responses have been published on the charitysorp website.

Guidance: bit.ly/2UDqNre