Charity Financials Audit Spotlight Report 2019
Published: 05 June 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