I often thought charity work dangerous for accountants.
On the one hand their professional status made a charity a client like every other insofar as scrutiny of accounts were concerned. On the other hand, a particular accountant was often hand-picked by say a school-time acquaintance for what was often expected to be free and indulgent professional services.
It goes without saying that individuals in several small one- or two-person practices got badly scalded when their "charity" client benefitted themselves and the accountant was made the fall-guy.
Lately I see larger accounting practices under scrutiny by CAI over follies and dishonesties of their clients.
I wonder will this mean that financial oversight work by accountants for charities will be shied away form in future. In the present sparingly regulated Irish charities space it would hardly be worth the risk.
On the one hand their professional status made a charity a client like every other insofar as scrutiny of accounts were concerned. On the other hand, a particular accountant was often hand-picked by say a school-time acquaintance for what was often expected to be free and indulgent professional services.
It goes without saying that individuals in several small one- or two-person practices got badly scalded when their "charity" client benefitted themselves and the accountant was made the fall-guy.
Lately I see larger accounting practices under scrutiny by CAI over follies and dishonesties of their clients.
I wonder will this mean that financial oversight work by accountants for charities will be shied away form in future. In the present sparingly regulated Irish charities space it would hardly be worth the risk.