SORP Committee Latest

The Commission and OSCR are authorised by the ASB as the SORP-making body and as such take the responsibility for organising the SORP review, drafting any revision and undertaking the consultation process. In making recommendations, the Commission and OSCR are expected to act on the recommendations of an expert committee - The SORP committee. The recommendations of the SORP committee are then tested through extensive consultation before recommendations are finalised and published.

To find out who is on the Committee, view the list of members.

The drivers for the development of the SORP are changes in UK Generally Accepted Accounting Practice and changes to charity and company law. The SORP Committee will need to consider how developments in accounting standards, reporting practice and the law will impact on the development of the SORP and recommend any changes required. Any changes to the SORP are released for consultation in accordance with ASB requirements.

To find out about the latest developments considered, view the agenda, minutes and Committee papers on the 'SORP Committee Meetings and Papers' page.

In 2007 the SORP Committee agreed to a research programme seeking the views of funders and financial supporters, and other stakeholders, as to how charity reporting and accounting could better meet stakeholders' needs. The research phase began with an initial Stakeholder Forum held on 25 April 2008 followed by a series of 28 stakeholder roundtables and concluded with the presentation of the research findings at a conference held on 4 December 2009. The 2009 conference also provided an opportunity to debate the ASB's plans for the future of UK GAAP and it was followed by a series of events in January 2010. For more information on the findings of this research view the SORP research programme page.