IN THIS ISSUE:
NEWS
The latest on tax returns
Time limits for the New Disclosure Opportunity
Get the facts about ACCA Accounts Preparation Report
Avoid online fraud
Latest consultations
What's new on the SMP website?
Help ACCA shape Small Business Week
FEATURES
Data under attack?
Tax cases: the grey area
Are you fighting fit for the recovery?
Tax efficient protection for Company Directors
EVENTS
Could your clients do with more customers, more sales, and more profit?
UK200Group events
PRACTICE MARRIAGE BUREAU
Latest PMB advertisements
Back to cover page »

Get the facts about ACCA Accounts Preparation Report

ACCA has produced new guidance on accounts preparationreports for audit exempt companies. Technical Factsheet 163 ‘Audit Exempt Companies – ACCA Accounts Preparation Report’ replaces previous guidance contained in Technical Factsheet 32.

The new factsheet introduces the ACCA Accounts Preparation Report, a cross-profession report developed by the Consultative Committee of Accountancy Bodies (CCAB). The report explains the accountant’s involvement in the preparation of the company’s accounts, makes reference to the ethical and other professional requirements placed by ACCA on its practising members and indicates the standard to which the work has been carried out.

ACCA recommends that the ACCA Accounts Preparation Report should be given where the practitioner’s, or firm’s, name is associated in any way with the financial statements which have been prepared by them. ACCA also strongly recommends that a copy of the ACCA Accounts Preparation Report be included with the financial statements filed at Companies House. As such a report would increase the credibility of the financial information placed on public record and would differentiate the accounts from those prepared by firms and individuals who are not members of one of the CCAB bodies.

 

Created with Newsweaver