New financial guidance from the Charities Commission

The Charity Commission has published four new sets of financial guidance.

The guides, on internal controls, insolvency, reserves and risk management, update existing guidance for charities.

The document on internal controls, CC8, provides more information on electronic banking and safeguards against fraud.

The guidance on reserves, CC19, contains more information about the factors that must be considered when deciding on a reserves policy.

And the risk assessment guidance, CC26, contains new information about how to assess risk, including non-financial risk.

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