The three UK regulators of charities, the Charity Commission for England and Wales, the Office of the Scottish Charity Regulator and the Charity Commission for Northern Ireland, have released a new guide for auditors and independent examiners to outline and explain reportable matters. The new regulations will impact auditors and independent examiners of charities with a duty to report matters of material significant to the regulator.

The regulations apply from 1 May 2017, regardless of the accounting period being reported on. Any audit work undertaken from 1 May 2017 and any audit reports signed off from 1 May 2017 will fall under the regulations.