I have been advised that a "practising certificate" should be held by all company accountants - could anyone advise me on the legal requirements as I thought a small private company did not even need an audit.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Does Accountant for Private Company have to be qualified?
Collapse
X
-
Ken HansenKen Hansen
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
-
CojakCojak
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
No, you can keep the books yourself if you want (my understanding, proper accountants might tell you why employing them is desirable tho' ) -
xoggothxoggoth
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
Indeed. Any idiot can set up as a practicing accountant and solicit business from others too. Most of them do.Comment
-
amcdonaldamcdonald
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
Only for audit work does the Accountant need to qualified, and even then in reality its only the person signing off the audit that needs to be qualified.
Sadly even the Rochdale Swamp Donkey could set up as a practicing accountant as long as they didn't call themselves a chartered or certified accountant, or try and sign off audit work.
....I've know of small practices getting the partners of another local practice to sign off audits for this very reason
Now in reality you couldn't get a decent Accountancy job in Industry or Practice without being qualified, but you could setup your own Accountany businessComment
-
fiddleaboutfiddleabout
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
> Now in reality you couldn't get a decent Accountancy job in Industry or Practice without being qualified
Judging from comments by roger on the temps his mob take on their main qualification requirement is big jugs.Comment
-
amcdonaldamcdonald
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
So you're saying that unless they have big tits or a beer belly no one gets a job at RR'sComment
-
roger rabbitroger rabbit
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
We had one woman here who did a passable impression of Jabba the Hut, but she's gone - 2 girls have taken over the space she used to occupy.Comment
-
fiddleaboutfiddleabout
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
> a beer belly
this is a bit unfair on poor roger.
I have mental pictures of each poster on this board. I see roger as being just like a bloke I used to work with - rather dapper, professional looking type, smartly turned out, looks the part, etc. etc. - he was a pr@t tooComment
-
roger rabbitroger rabbit
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
Gawd fiddle, you are an astute judge of people.
I have the advantage on what you look like, however, thanks to the picture of you and Rhino out on the piss that you emailed to me:
fiddle and rhino enjoy a few beersComment
-
fiddleaboutfiddleabout
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Re: Does Accountant for Private Company have to be qualified
Bit early for you isn't it roger? I thought you didn't venture forth until the streets were well aired.
Yes I remember that day vividly - that clumsy git Rhino trod on my banjo
BTW - this is only a flying visit - I've got a load of work to do.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment