The Commission reports on its accounts monitoring reviews to:
- make charities more transparent and accountable
- help trustees understand the risks charities face
- improve reporting standards
Auditors have an important role and their reports of matters of material significance inform the Charity Commission’s regulation of the charity sector and enable them to engage more promptly with charities in difficulty. In the six months to 31 October 2017, the auditors of 114 charities gave audit opinions containing information that they were required to report to the Commission as a matter of material significance.