Accountant VS Chartered Accountant

[hina_pirzada]

Dear Members,

I am asking this question on behalf of one of my friend who asked me this query so I am forwarding to you guys so please help her out.

She asked me that she has accountant for last 4 years who is dealing her accounts. Her 4th Year accounts will end in November 2016 and she made all 50 K investment in the current accounting year. She is asking if she continue the same accountant to make her final accounts and she will take letter from Chartered Account at the time of Extension Application so is this okay? or she needs Chartered Account to prepare her accounts?

Secondly if she is showing all 50K investment in her 4th Year account so she still needs to make management accounts for rest of the 5 Months.

Her Accounting Period will end 30 Nov 16 and her extension due in May 2017.

Zimaba and other senior members please share your experience.

Thank you all off u in advance.

[zimba]

All the documents she submits from her accountant must have been prepared ONLY by body of accountants that HO accepts (as explained clearly in the guide). She should submit only documents showing the investment. Sending management accounts if not showing any extra investments is not required