The draft accounting and reporting consultation process has been opened by The Charities Regulator.
This consultation process is of critical importance to Church of Ireland Parishes throughout the Republic of Ireland. One of the key issues being consulted on, is the income threshold for audit, this is currently set at €100,000. This threshold brings many Parishes in the Church of Ireland into the scope of an audit and places additional expenses on Parishes.
This suggested response sets out the Church of Ireland recommendation for revised thresholds.
It is vital that the Church of Ireland as a whole responds to this consultation process in order to effect change on the threshold levels.
The closing date for response to this consultation process is 8th November 2016.