Updated Guidance on Internal finance control for Trustees
Internal financial controls are important for all charities. They are essential checks and procedures that help you to protect your charity’s assets, identify and manage risks, and make informed decisions about your charity’s financial position.
The Charity Commission has recently updated its guidance on financial controls (known as CC8) to include risks presented by newer technology such as cryptoassets. The updated guidance explains the role strong internal financial controls play in ensuring trustees can safeguard their charity’s resources.