PwC Senior Manager, Daniel Chan, has been appointed to the SORP (Statement of Recommended Practice) Committee which oversees the rules for how charities across the UK and Ireland report on their finances.
The charities SORP is the set of rules which governs financial reporting and accounting for charitable companies (which may be small) and larger charities with an income of £250,000 and more. The main purpose of the SORP Committee is to identify potential changes to the SORP and advise the charity regulators who make the SORP rules.
Commenting on his appointment, Daniel Chan said:
“I am excited to be joining the Committee and look forward to contributing to the development of the SORP. The SORP has a vital role in ensuring that there is high quality financial accounting and reporting in the charity sector that is fit for purpose in a changing world.”
Daniel is a member of PwC’s Charities Management Board and plays a leading role in the firm’s audit practice for the charity sector and Charities Centre of Excellence which provides technical training and support to our charity audit teams nationally. Daniel leads on PwC’s thought leadership for the charity sector, including the Charities Award as part of the annual PwC Building Public Trust Awards. He is a member of the ICAEW Charity Committee and was named one of Accountancy Age’s ‘35 Under 35’ rising stars of the accountancy profession for 2019.
Aidan Sutton, PwC partner and head of charities, said:
“I am delighted that Daniel has been appointed a member of the SORP Committee. This is a fantastic example of how the charity sector is at the heart of our purpose: to build trust in society and solve important problems.”
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