Unit 10 ICAS

Emilie

Hello,

Please help.

Can any one advise what they have doen for the criteria

2.1 Identify the external regulations that affect accounting practice.

Miffy3QE

Emilie wrote: »

Hello,

Please help.

Can any one advise what they have doen for the criteria

2.1 Identify the external regulations that affect accounting practice.

Hi,
For mine, I used the scenario, and I mapped this section to the part of my project where i'd identified a weakness in the system was staff being paid cash wages, with no NIC or PAYE deductions being paid to HMRC.
I also quoted this for VAT returns, that kind of thing......does this make sense?
Good Luck with this

sdv

Emilie wrote: »

Hello,

Please help.

Can any one advise what they have doen for the criteria

2.1 Identify the external regulations that affect accounting practice.

IAS for Financial statements

HMC&E - VAT / Payroll / Customs

Local Authority - Planning permission, health& Safety,

Bank - cash flow statements/ forecasts

Safe waste disposal / chemical disposal - regulations

Employment law - /minimum wages

list can go on ...........

Emilie

Hi could you go in more detail i was going to do data protection but i dont know where to start.

Thanks,

Emilie