Citation and commencement

1.  These Regulations may be cited as the Charities Accounts (Scotland) Amendment Regulations 2017 and come into force on 3rd November 2017.

Amendment to the Charities Accounts (Scotland) Regulations 2006

2.-(1) The Charities Accounts (Scotland) Regulations 2006(2) are amended as follows.

(2) After regulation 11(2)(a)(x) (independent examination of statement of account) insert-

"(xi)the Institute of Financial Accountants,".

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Charities Accounts (Scotland) Regulations 2006 to add the Institute of Financial Accountants to the list of organisations whose members may independently examine a charity's statement of account under regulation 11(2). Regulation 11(2) applies where there is a requirement for the charity to have its statement of account examined by an independent examiner by virtue of regulation 11(1) and the charity prepares its statement of account under regulation 8 (statement of accounts - fully accrued accounts) or the statement of account is deemed to have been prepared under regulation 8 by virtue of regulation 14(5) (special case charities).