Audit Question
Luma
Registered Posts: 6 New contributor 🐸
Can anyone help? I am now an MAAT, and was recently approached by a local sailing club to do their audit.
Their income is under £5000 a year.
I'm confused by what I have read, am I allowed to do this, or will it need to be signed off by a fully qualified accountant? Or is that just for company accounts?
Any advice greatly received.
thanks
Luma
Their income is under £5000 a year.
I'm confused by what I have read, am I allowed to do this, or will it need to be signed off by a fully qualified accountant? Or is that just for company accounts?
Any advice greatly received.
thanks
Luma
0
Comments
-
Then why do they need an audit?
In any event you could not sign off an audit as an AAT; must be (I think) ACCA or ACA.0 -
I think what they are asking for is an independent review which anyone can do. I do one for a friend of mine and I checked with the AAT and I am allowed to do it although they very strongly recommended having PI insurance in case of any problems.
I am MAAT but not a member in practice0
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