Oireachtas Joint and Select Committees

Thursday, 17 October 2024

Public Accounts Committee

Financial Statements 2023 - Charities Regulatory Authority

9:30 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail)
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If a charity has less than €10,000, it is an incredibly small operation. It more than likely does not have any paid staff and is mostly volunteer run. Equally, the auditing requirements are very onerous. Regarding audit fees in some cases, I know of one group with a total income of €2,500 and the cost of auditing is just north of €1,000. Has any consideration been given in that space to how we might be able to address those challenges, or is that just a necessary part of establishing trusts for the larger landscape?