Operating as a Charity/Institution of a Public Character (IPC) has never been more challenging amidst the several highly publicized cases of wrong doing in the charity sector; the increasing demands from grant makers, regulators and the general public on regulatory compliance; mounting pressure on the availability of funds; as well as the ability to recruit and retain the right people.
Being in the forefront of these changes and having conducted many reviews on governance, compliance and internal controls in charities and IPCs, KPMG understands the concerns that leaders of Charities/IPCs may have.
The Commissioner of Charities (COC) has laid down the following objectives in its vision to develop a well-governed and thriving charity sector with strong public support:
- Promote good governance and best practices
- Ascertain Regulatory Compliance
- Growth