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MIP Review Visits

PeterCPeterC Registered, Tutor Posts: 150
I've heard that AAT practices are inspected by ICAEW. Is that correct?


  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,431
    Yes the reviews are carried out by the ICAEW.
  • readerreader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,042
    What would the ICAEW check?

    I think:
    1) up to date signed proof of id and proof address
    2) risk assessments done for each client
    3) signed letter of engagement
    4) licence areas on practising certificate vs areas actually offered to client
    5) ico registration and from 25th may gdpr
    6) security, e.g. secure portal, passwords, taking backups on external hard drive or cloud storage
    7) working paper files/correspondence file for each client/tax
    8) 64-8's
    9) complaints procedure
    10) clearance letters for clients changing accountants
    11) practice management
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