Bank Statements

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Rachel
Rachel Registered Posts: 348 Dedicated contributor 🦉
in General accounting discussion
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

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  • Psyche
    Psyche Registered Posts: 187 Dedicated contributor 🦉
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    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
    Rachel Registered Posts: 348 Dedicated contributor 🦉
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    Thanks for your response.

    They are electronic but only for 90 days

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