CHARITY STATUTORY AUDIT

Expertise in completing Statutory Audits

All Charities are now obliged to have its annual financial statements audited by an External Independent Statutory Auditor. The applicaiton of SORP Financial Reporting is becomeing standard across the sector and will, in time, become mandatory for medium and large charities.

WDA’s Charity team has the expertise and resources to complete your statutory audit in a timely and efficient manner in order. Our team is lead by partners that have over 25 years experience in delivering quality services to the Charity Sector. We have current statutory audit clients that are funded in part or fully by Pobal, TUSLA, The HSE, CDYSB, The Arts Council, The ETB, CIB, Bord Failte, The Department of Housing, Local Government and Heritage and many more. We have experience in providing funder reports and assurances as required, including CE Scheme Audits. We can advise on additional requirements including Governance Code compliance and best practice.

The primary objective of the external audit is to provide an independent opinion on your Charity’s financial statements. WDA have a tailored, risk based auditing approach that will provide you with an efficient audit that’s within your regulatory needs and timeframe for AGM and other reporting deadlines.

With the level of legislation and regulation both current and future, governing the Sector, it is vital for the Board to have a strong professional firm such as WDA acting as their Auditors. The five yearly auditor rotation system will ensure the Charity obtains new independent advices and views to assist them is complying with their obligations.

  • As communication with the Charity Service Users and Memebr is vital at AGM, a WDA partner will be in attendance to present our audit report and highlight significant issues within the financial statements.

  • At the conclusion of the year end audit a WDA Partner will meet with and present the findings of our audit to the Audit Committee or Board as required. This affords us with an opportunity to present and discuss any significant issues arising from the audit and also any areas of weakness identified during the course of the audit.

  • We welcome all questions from the floor / membership and pride ourselves in our ability to present complicated financial information to the members in easy to understand language, as most members would not have formal financial training to interpret the financial statements.

  • Complete funder audits and prepare a detailed report for the boards consideration, and will be on hand to present same to the executive, full board or both.

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