Reporting matters of material significance

The Charity Commission has released guidance on matters of material significance reportable to the regulators. This guidance is effective for audits and independent examinations reported on after 1 May 2017 and has updated the matters which are required to be reported by auditors and independent examiners. There are two new reportable matters. These are:


  • Where a modified audit opinion or qualified independent examiner’s report is issued. This may arise where there is uncertainty with regards to going concern or another emphasis of matter.
  • Where there is evidence that significant conflicts of interest have not been managed appropriately by the trustees.


Although not a legal requirement it is considered best practice for reportable matters identified as part of internal audit to be reported.


To view the full report, please click here.