Guidance

Internal financial controls for charities (CC8)

How to manage your charity’s financial activity and use internal financial controls to reduce the risk of loss.

Documents

Internal financial control for charities checklist

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Details

If a charity is to achieve its aims, its trustees need to ensure its:

  • assets are properly used
  • funds are spent effectively
  • financial affairs are well managed

Internal financial controls are essential checks and procedures that help charity trustees:

  • meet their legal duties to safeguard the charity’s assets
  • administer the charity’s finances and assets in a way that identifies and manages risk
  • ensure the quality of financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information
Published 1 July 2012