# CFDG welcomes Transparency and Accountability Study

- Link: https://fundraising.co.uk/2004/07/05/cfdg-welcomes-transparency-and-accountability-study/
- Published: 2004-07-05T23:00:00+01:00
- Author: Howard Lake

The Charity Finance Directors’ Group (CFDG) has welcomed the Transparency and Accountability
study from the Charity Commission and believes it will be helpful to finance directors.

The study will help charities to review critically and improve their Annual Reports
and Accounts.

Release of the study is timely, say CFDG, coinciding with the announcement of the
new proposed Statement of Recommended Practice for Reporting and Accounting by Charities(
SORP). It will help reviewers of the new SORP to understand the reasons for many
of the changes in it and comment on it appropriately.

CFDG Chief Executive Shirley Scott said: “Charities are being encouraged to provide
more information through their Reports and Accounts and this study provides guidance
on how to do that effectively”.

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