Advice please!
Finchy01
Registered Posts: 12 New contributor 🐸
Hi,
I'm new to this forum and this is my first post...ahh and in some need of guidance!
I work in a small family book-keeping/accounting admin business run by the in-laws and I'm Client Account Manager.
My in-laws are not qualified so we decided I would train with AAT, in which I gained full member status in 2007.
My query is: Am I able to sign off accounts without the need for a qualified Accountant? We have a number of clients from sole traders to limited companies and we use a local Accountant to sign off annual accounts and file to HMRC, Companies House etc. Is this something I could do to offer our clients the 'complete package'? Are there any rules and regs I should be aware of? Do we have to purchase specific software?
Sorry for the 'bamboozle' of questions!
Many Thanks
finchy:confused1:
I'm new to this forum and this is my first post...ahh and in some need of guidance!
I work in a small family book-keeping/accounting admin business run by the in-laws and I'm Client Account Manager.
My in-laws are not qualified so we decided I would train with AAT, in which I gained full member status in 2007.
My query is: Am I able to sign off accounts without the need for a qualified Accountant? We have a number of clients from sole traders to limited companies and we use a local Accountant to sign off annual accounts and file to HMRC, Companies House etc. Is this something I could do to offer our clients the 'complete package'? Are there any rules and regs I should be aware of? Do we have to purchase specific software?
Sorry for the 'bamboozle' of questions!
Many Thanks
finchy:confused1:
0
Comments
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Unfortunately, AAT members can not sign off audited reports. That needs to be done by a Chartered Accountant, however you can examine and sign off the financial accounts for audit exempt charities.
There isn't any specific software, as far as I know, as long as you can complete the final accounts to Companies House standard.0 -
truecockney wrote: »Unfortunately, AAT members can not sign off audited reports. That needs to be done by a Chartered Accountant, however you can examine and sign off the financial accounts for audit exempt charities.
There isn't any specific software, as far as I know, as long as you can complete the final accounts to Companies House standard.
That's not completely true, audited accounts must be signed off by a registered auditor not a chartered accountant!
Accounts don't have to be signed off by an accountant, they are signed by the directors, but I wouldn't undertake the work unless you have experience of it.
You can practice under AAT's MIP but they will require you to have experience before they will allow you to have a licence.0 -
So an AAT can prepare and submit the accounts for any business but if the business needed an audit, an auditor would do this separately?0
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Yep0
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