Ext. Query- Accountant issue

[gt23]

Hi

My accoutant is registered with Acca as an individual. However, his company is not registered. Is that ok with HO?

On unaudited accounts he has his company name. Will i need to change it to his own name?

Is there any proof/ document i need to send to HO to confirm my accountant is certified Acca accountant

Thanks

[Jazz2007]

The accounts must clearly show the name of the accountant, the date the accounts
were produced, and how much you have invested in the business. The accounts must be
prepared and signed off by the accountant, who is not you (the applicant), in accordance with statutory requirements.

+1

The accountant must have a valid licence to practise or practising certificate and must be a member of the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Scotland, the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Association of Authorised Public Accountants, the Chartered Institute of Public Finance and Accountancy, the Institute of Financial Accountants, the Chartered Institute of Management Accountants, the Association of International Accountants or the Association of Accounting Technicians.

Accountant must be a member of any of these bodies to Suffice their Requirement.

As you said his Company is not Registered then how can you fulfil this requirement.

[gt23]

Hi


Thanks for your reply.

My accountant is a member, but his company is not. He will sign off the accounts.

Does his company also needs to be a member of Acca?

Thanks

[Jazz2007]

Copy of Accountant Practice Certificate will do,
His/Her name and credentials must be Clearly mentioned in Accounts.

[ishfaqsangra]

My accountant is also member of ACCA,I never searched for their limited company and I think the Global ACCA web gives the option of Member search of Accountancy Firm ,

[ishfaqsangra]

[quote="syed0083"]The accounts must clearly show the name of the accountant, the date the accounts
were produced, and how much you have invested in the business. The accounts must be
prepared and signed off by the accountant, who is not you (the applicant), in accordance with statutory requirements.

I found this:
Unaudited accounts and an accountant’s certificate of confirmation
Businesses that are not required to produce audited accounts must provide:
unaudited accounts, sometimes called management accounts; and
an accounts compilation report from a suitably regulated accountant who is not you
(the applicant).

It does not say that accounts must clearly show the name of the accountant? which page it is? normally in accounts they mention theri LTD Company and sign .

[ishfaqsangra]

Do we need accountant name on accounts or their Ltd comoany name and signature underneath would suffice the requirements?

[Jazz2007]

If his/her name is not mentioned then how do you prove the Accountant is a Suitably Regulated.

If someone is just signing on behalf of a company then how can anyone figure out who signed it.As you know there are many professions associated with a firm including Accountant.

This is my Understanding, Gurus please correct me if I'm wrong.

[noajthan]

Why not belt and braces - everywhere: name/signature, number/accreditation/registration and company name/stamp.

[ishfaqsangra]

Thanks all
Yes absolutely the namd should be mentioned with signature and professional membership no plus company name and stamp.
All my 3 years accounts submitted to HMRC the accountants put their company name and signed but for management accounts and other letters I would get the name on and membership no.along with company details.
Or
Should I request them to add the details on submitted accounts (can add on hard copies to be submitted to home office )although my personal understaning is that above details in leters and management accounts should be enough ? Am I right?

[gt23]

Thank you everyone for your reply.

Just wanted to check what is the difference between amangement accounts and unaudited accounts?.
What is the difference between two accounts? Do i need to submit both of them

I am oy providing undauditing accounts which shows dirrstors loan and company tax and profit.

Thanks

[zimba]

Unaudited accounts are prepared per accounting year and submitted to companies house. HMRC, etc
Management/interim accounts are only prepared for the information of directors whenever required.

If your investment is fully covered in the unaudited ones, you do not need management accounts

[ishfaqsangra]

Can someone suggest :
as Annual Accounts are submitted by my accountants and they signed and stamped under their company name, address etc.( Director is FCCA/ACCA)

I am submitting all three years accounts and management accounts.

Do I need to request them to add the name, and membership no to those 3 years accounts or it will be fine if all that is mentioned in Management Accounts and Supporting Letters(Investment confirmation and job creation)

And if they need to add name and put membership, can that be added additionally on the submitted accounts hard copies.

[jafersadeq]

Hi

My accoutant is registered with Acca as an individual. However, his company is not registered. Is that ok with HO?

On unaudited accounts he has his company name. Will i need to change it to his own name?

Is there any proof/ document i need to send to HO to confirm my accountant is certified Acca accountant

Thanks

I asked HO before about that case, they said:

I am unable to pre- assess any applications. However as long as the individual preparing the accounts meets the following, they should meet the requirements of the rules.
The accountant must have a valid licence to practice or practising certificate and must be a member
of the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Scotland, the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Association of Authorised Public Accountants, the Chartered Institute of Public Finance and Accountancy, the Institute of Financial Accountants, the Chartered Institute of Management Accountants, the Association of International Accountants or the Association of Accounting Technicians.

[noajthan]

This basic stuff is all covered in readily-available T1 guidance.