Data Developments has launched a new Independent Examination service.
The company, which specialises in administrative software for churches and charities, has made this service available to its Finance Co-ordinator and MyFundAccounting users only.
The firm’s new service includes:
• Independent examination of your year-end accounts
• Writing a report to be included in your annual accounts
• Sharing feedback, if necessary, that could help simplify the work of the treasurer or improve the reporting for trustees
Stephen Hendy, Data Developments’ Managing Director, told ACAT: “If you decide to use our Independent Examination service, we will send you a letter of engagement and then a list of the information we need together with a backup of Finance Co-ordinator or details of your MyFundAccounting account.
“In these current times these documents can be scanned and emailed to us and any meetings, if required, can be done online via Microsoft Teams.
“We would examine the information and compare it to the software and if needed ask for further information and if you had any queries you could speak directly to the person at Data Developments carrying out the examination.
“Once completed we would need your Trustees Annual Report to ensure the figures match the accounts and also so that we could add our section to it and sign them off.
“Afterwards we could give feedback on matters that weren’t relevant to be included in the examination report but may be useful going forward.”
The costs are 0.5% of your annual income or £250 plus vat whichever is the greater.
For further information click HERE.