CSR before audit

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3 Points Posted on 24 October 2021
Hi all,

Help me with a query

Can CSR amount be spent (partially) even if Accounts are not audited yet and final CSR budget is not yet calculated?

Thanks in advance!
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On 24 October 2021 at 15:44 Report
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Quick Summary
This discussion addresses whether a company can spend its Corporate Social Responsibility (CSR) budget before the annual accounts have been audited and the final budget is confirmed. The consensus is that it is permissible, provided the expenditure has received prior approval. This allows for flexibility in CSR initiatives while maintaining financial oversight.

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Chartered Accountant
24588 Points Posted on 24 October 2021
But it should be approved
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On 24 October 2021 at 20:57
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3 Points Posted on 24 October 2021
Thanks so much
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On 24 October 2021 at 20:58
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Chartered Accountant
24588 Points Posted on 25 October 2021
Your welcome
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On 25 October 2021 at 18:04

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