Parent company bombshell - help please!

Myriam FMAAT, AAT Licensed Accountant Posts: 10 Regular contributor ⭐ ? ⭐
One of my clients has just mentioned that he now has a usa subsidiary wholly owned by the UK ltd.

I'm in the process of passing him on to a new accountant as he will be outside of the frsse realms very soon.

However I'm now unsure whether he will need group accounts (think they might be exempt from these), or if accounts will be outside frsse even if exempt... I literally feel clueless!

If he is exempt from group accounts and can still have small co accounts are there any other considerations or inclusions?

Any advice welcome!

If straightforward frsse with minor addition then I'm happy to carry on with this final set of accounts but if we are into new territory I'll be bowing out right now!!!

Thank you in advance for any advice...
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