Helping Charities Do Good Better: The Regulatory Framework of Charities
July, September 2016
Charities are stewards of the public’s trust and are held to high standards of integrity on how they manage and use their financial resources. The two-part article “The Regulatory Framework of Charities” discussed the regulatory measures put in place to promote their accountability and transparency. The first article provided an overview of the legislations and Code of Governance pertaining to Charities and Institutions of a Public Character (IPCs). The second article extended the discussion to examine the accounting standards tailored for the sector, the Charities Accounting Standard (CAS). These articles intend to introduce accountants to the local charity regulatory environment, for accountants to help charities do better. There are other articles in the “Helping Charities Do Good Better” series of articles which aim to explore the areas where accountants can volunteer their skills and time.