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
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