The External Reporting Board (XRB), creators of the mandatory accounting standards for Charities, have ruled that Charities must use the prescribed titles and terms in Tier 4 reports, even if the same reports have different names in other Tiers. Tiers 1,2 and 3 are expressly allowed to use their own terms in the standards. This … Continue reading It’s official: Tier 4 groups must use prescribed terms.