Audit Question

Luma
Luma Registered Posts: 6 New contributor 🐸
in General accounting discussion
Can anyone help? I am now an MAAT, and was recently approached by a local sailing club to do their audit.
Their income is under £5000 a year.

I'm confused by what I have read, am I allowed to do this, or will it need to be signed off by a fully qualified accountant? Or is that just for company accounts?

Any advice greatly received.

thanks
Luma

Comments

  • timhamer
    timhamer Registered Posts: 7 New contributor 🐸
    Then why do they need an audit?

    In any event you could not sign off an audit as an AAT; must be (I think) ACCA or ACA.
  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    I think what they are asking for is an independent review which anyone can do. I do one for a friend of mine and I checked with the AAT and I am allowed to do it although they very strongly recommended having PI insurance in case of any problems.

    I am MAAT but not a member in practice

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