Consultation – Charities SORP draft Update Bulletin 2

The Charities SORP making body is consulting on changes to the SORP for amendments to UK-Irish Accounting Standards. The consultation will last six weeks until 4 April 2018.

Consultation – Charities SORP draft Update Bulletin 2

The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) has been amended. As the Charities SORP (FRS 102) is based on this underlying accounting standard, it must be updated with these amendments to ensure it continues to comply with changes in accounting standards. These changes affect a few specific accounting treatments and will be put into effect for the Charities SORP (FRS 102) via an Update Bulletin.

Your views are sought on how the amendments to FRS 102 have been reflected in the proposed amendments to the SORP in draft Update Bulletin 2.

The consultation documents can be found on the Charities SORP Microsite.

How to Respond

By email to:

By post:

Charities SORP
77 Mansell Street
E1 8AN

The consultation runs for 6 weeks from 20 February to 4 April 2018.

The responses received in reaction to this consultation are available for inspection online

Details of the 2016 Research exercise on charities SORP (FRS 102) and the responses received are still available for inspection online.