As a trustee, sometimes it can feel like you are responsible for everything, but have visibility on very little. So taking the opportunity to talk to someone independent who has kicked the tyres on your financial statements and the systems and controls that underpin them can be really helpful. This is what should happen once a year when trustees or their audit committee meet their auditor to hear them discuss the audit and statutory accounts. How can you make the best of this conversation?
Here are our top 10 questions you could ask:
It’s also good practice for trustees to have some time with their auditor in a closed session without staff present. This tends to work best after the auditor has presented their findings in the full meeting. Other than asking if there is anything they want to discuss without the management team present, you might also want to ask:
Don’t be afraid to ask what’s on your mind, particularly if anything isn’t clear – we love a good conversation with our clients. And if you’re not getting this level of engagement and want to work with a firm that sees beyond the numbers to give you advice that goes to the heart of your charity, we’d love to hear from you.
For more information, contact your usual Wilkins Kennedy partner or email@example.com
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As a trustee, sometimes it can feel like you are responsible for everything, but have visibility on very little.
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