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Plans To Audit Most Charities "Phenomenally Stupid," Says Midlands Accountant

Friday, 29 April 2022 13:23

The Offaly man believes it's totally unnecessary.

New legislation that would result in virtually every Irish charity being audited is being described as "phenomenally stupid".

Any charity with a balance sheet of over €10,000 will be subjected to an audit, under the proposed changes.

At present, only organisations with a balance sheet of over €4 million, a turnover of over €8 million, or a workforce of over 50 are investigated.

John McCann, from MCM Accounting in Tullamore, thinks it's totally unnecessary to put small charities - like a community hall committee - through such a rigorous and costly process:

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