What is an Accountant’s Certificate of Confirmation?

Accountant's Certificate of Confirmation

The accountant’s certificate of confirmation is a legal document that verifies the accountant’s status as an active member of an accountant’s body in the United Kingdom. It is also known as “the certificate of condition”. According to the Companies Act, 1985 section 6(1) an accountant is required “to provide financial accounting advice to people who require it”. The accountant’s certificate of confirmation is proof that the accountant is registered under the Companies Act 1985. The accountant’s certificate of confirmation is used as proof of a person’s registration under the Companies Act 1985.

 Required  Accountant

(a) An accountant is required to submit reports to the Secretary of State when they are required by law or by regulations. These reports must be submitted within a reasonable time. These documents must state whether the accountant has received fees for advising a company on tax matters. (b) The accountant is also required by UK laws to submit unaudited accounts on a yearly basis to the SSA. A company that requires an accountant to submit unaudited accounts is one that is required by regulation.

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Audited Account

Two categories exist for unaudited accounts. They are the self-auditor and the independent accountant. In the first category, the accountant is either employed by the company is responsible for him/herself. In the second category, the accountant is either a member of a mixed team or is an independent contractor for a company. A company bank statement does not qualify as an audited account.

SSA for Assessment

As per the Companies Act 1985, any company which carries on business in England and Wales must submit an audited account to the SSA for assessment. If the accountant’s certificate of confirmation is found incomplete then the company could lose its SSA license. Therefore it is advisable that companies conduct an annual or at least semi-annual audit of their accounts. This will ensure the completeness and accuracy of their documentation.

Independent Certified Public Accountant

The accountant’s report forms part of the Company Registration. The Accounts Review Officer will send his findings along with his certificate of confirmation to the Secretary of State. The Secretary of State will process this evidence and determine whether the company has met all the requirements set out in the Act. If not the company will need to take corrective measures under the regulations. The audit of unaudited accounts must be conducted at the request of a director, manager or key officer of the company or by an independent certified public accountant.

Company’s Certified Public Accountant

The accountant’s report forms the official transcript of the Board Meeting. It includes all matters relating to the day’s business and is usually prepared by the company’s certified public accountant. The accountant’s account of the previous year’s results, if they are not in line with the requirements, will be referred to the company’s controller. If there is a deficit in the accounts then the controller will request that the accountant submit his report to him by 22 April.

Correct Tax Rate

The accountant’s certificate of confirmation covers a wide variety of matters. They can include the following: the correct amount of money to be paid out; the amount of tax to be paid; the value of stock that the company needs to buy or issue. They will also cover matters such as the correct tax rate to be applied to the income of the company; how to set up the company and what procedures need to be followed. The corporation must keep the documents that are required under the Act for many years and must keep them up to date. There are some things that the company must not do, however.

Accountant’s Letters of Confirmation

The accountant’s letters of confirmation must not contain any errors in any of the accountant’s calculations. They should also not contain any mistakes in their vouchers or statements of accounts. For example, the accountant’s certificate of confirmation for the year ending 30th April must state that Mr. Tarlow is a director of the company for the last two years and not for the three years ending 30th April. Neither the Secretary of State nor anyone else on behalf of the company should make any errors in these documents. This is a violation of the Code of Conduct of the Australia Business Tribunal.

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Appellate Authority

The first-tier tribunal is the statutory authority responsible for dealing with complaints about the performance of companies and individuals under the Australian Consumer Law. The first-tier tribunal’s procedure for lodging complaints is known as the Code of Conduct. Complaints about the performance of an accountant can only be lodged with the Secretary of State. Complaints can also be lodged with the Appellate Authority if the Appellate Authority is also the Secretary of State.

Appellate Authority for Determination

If the Secretary of State or the Appellate Authority do not consider the complaint to be valid, they will request the judge to refer the matter back to the Appellate Authority for determination. If the judge refers the matter back to the Appellate Authority, the parties may come back to court. If the parties are no longer able to come to an agreement, then the case will be heard by the full court. If a court case comes to an end, the certificate of confirmation of the appointment will be canceled and the accountant’s name will be removed from the records of the company.