Charity audit threshold to double to £1million

The government has announced that it will go ahead with plans to double the audit threshold for most charities from £500,000 to £1million, making up to 4,000 charities exempt from audit requirements.

The decision follows a consultation that ran for seven weeks from December to January 2015 and changes will come into effect on 31 March, 2015.

The consultation followed a recommendation by Lord Hodgson of Astley Abbotts in his review of the Charities Act 2006.

To read the full consultation response visit