Argh not sure if this beyond my capabilities

I've been contacted by a lady who wants her accounts prepared for a potential purchaser of her business.
her husband normally does all her bookwork, self assessment, tax etc.
I'm not sure what would be required as never come across this before. Is it beyond what we can do as MIP?
Thank you!
Sarah-Lou
her husband normally does all her bookwork, self assessment, tax etc.
I'm not sure what would be required as never come across this before. Is it beyond what we can do as MIP?
Thank you!
Sarah-Lou
Comments
-don't panic
It's a small retail outlet.
Surely a buyer is just going to want to see the last few years accounts which they have prepared themselves or do they need them signed as such to say they are right whereas not being chartered i'm not sure if I can do that anyway?
I would ask the question about the prepareation of the annual accounts?
I beileive that that is all you could offer in this situation, may be provide so management style information such as performance ratio's to add some extra meaning to the numbers?
My concern would be that they have done their own accounts. In order to put weight behind it, they want an accountant to have done it.
Purchasers usually want to see 3 years of accounts.
Realistically, this means that you need to prepare 3 years of accounts. You can't sign off accounts you haven't done - especially ones that have been DIYed. Are they prepared to pay for that?
If they have an agent who is selling the business, I would be inclined to ask them what they require. Auditing is probably not necessary, but it depends on the type/ size of business.
We normally request the last three years accounts along with bank and credit references.