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Charity Financials Audit Spotlight Report 2019

Charity Financials Audit Spotlight Report 2019

This report is an examination of the UK's largest 5000 charities and the accounting firms employed to carry out the required annul audit.

Key findings include:

  • Audit fees cost the UK’s largest charities £72.3m between 2017/18, increasing by 10.2m in five years
  • 43% of charities have not changed auditor over the last decade
  • There were 344 auditor changes in the latest financial year when compared to the previous year
  • Crowe UK LLP once again top the fee tables earning £6.4m in fees, giving the firm an 8.9% market share
  • The firms with the most clients are haysmacintyre with 303 clients, followed by Crowe UK LLP with 271 and RSM with 213
  • The largest charity to change auditor was Nuffield Health which paid a fee of £300k to Deloitte which it previously paid to Grant Thornton
  • Haysmacintyre made the most client gains with 25 new clients but Crowe UK LLP gained the most in fee income worth £534k
in fee income worth £534k