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The Charity Commission for Northern Ireland
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Commission unveils essential guidance for auditors and examiners who work with charities

The Charity Commission for Northern Ireland has today joined with other UK charity regulators to launch a revised list of matters of material significance.

The revised list of matters of material significance is intended to assist auditors and independent examiners in meeting their reporting requirements to the Charity Regulators. 

The list has been published by the Office of the Scottish Charity Regulator (OSCR), the Charity Commission for England and Wales (CCEW) and the Charity Commission for Northern Ireland (CCNI).

In all three jurisdictions, auditors and examiners have a legal duty to report matters of material significance to the Regulator.  In order to assist them in this duty there was previously a list of matters which had been prepared jointly by OSCR and CCEW. 

Recognising that a number of years had passed since the original list was developed and also that the regulator in Northern Ireland was now also in operation, a decision was taken to refresh the list, considering carefully the regulatory experience to date. 

A revised list of matters was prepared and consulted on from May to September 2016.  Consultation feedback was fully considered and a final list has now been developed. The new list of nine matters of material significance includes two new matters (matters 8&9) that need to be reported and removes one requirement to report. 

The list can be viewed here.  

Myles McKeown, Head of Compliance and Enquiries said: “As a relatively new Regulator the list of matters of material significance will be of great assistance to auditors and examiners in our jurisdiction. We have welcomed the opportunity to work together with colleagues in CCEW and OSCR in developing and publishing the final list.”  

Download CCNI EG058 Matters of material significance: a guide for auditors and independent examiners PDF (975.3 KB)