Bank Statements

Rachel

Does everyone insist on seeing clients bank statements before producing their accounts for CH & HMCE or do you accept a clients cash book?

I have always insisted on bank statements however, I have a client who seems to have very few transactions and the bank wants to charge £5 per statement and doesn't seem to get anything on-line.

Should I refuse if I can't get bank statements.

Thanks for your help

Psyche

The standard letter of engagement states that we are not auditors. If a client just wanted to give me a summary of the transactions I would accept that. After all if they are lying then it is they who will be in trouble for it, not you.

How does the client get their bank records?

Rachel

Thanks for your response.

They are electronic but only for 90 days