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

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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