Latest News

Keeping you up to date with topical business news and views.

Financial Reporting for Large Charities

Financial Reporting for Large Charities

In early November 2017 the External Reporting Board (XRB) released a new accounting standard, PBE FRS 48 Service Performance Reporting. This standard establishes mandatory requirements for Tier 1 and Tier 2 public benefit entities to present service performance information within their annual financial statements.

The standard is mandatory for all Charities with operating expenditure in excess of $2m and is effective for accounting periods commencing on or after 1 January 2021 (early adoption permitted).

If you are considering early adoption or require guidance in relation to this or any other not-for-profit standard, please get in touch with your local Staples Rodway representative.

Subscribe to our Charities
e-Newsletter

Did you find this article interesting? You can subscribe to our Charities e-Newsletter.

Subscribe to our Charities e-Newsletter
  • How did you hear about our Charities newsletter?
  • Which offices would you like to hear from?
  • This field is for validation purposes and should be left unchanged.
Copyright 2018 Staples Rodway Ltd. | Terms of Use | Privacy Policy
Staples Rodway