HelloI was just wondering out of curiousity. what are the consequences if someone took on a client i.e. a limited company but were only qualified with the ICB to do sole traders? kind regardszoe
You mean other than potentially messing up a clients books, having no professional indemnity insurance to cover it, being hugely out of pocket and killing your reputation?I guess the ICB could expel you.Kris
Kris McCullochwww.ayrshireaccountancy.co.ukWinner - BKN Most Innovative Accountancy Firm 2012Latest Blog Post: Bookkeepers Award 2015
I just got informed that you could do Limited Companies anyway just not there final accounts is there anything else you cant do? Hi Kris I know how it sounds but I was just asking out of curiousity not that i was going to do this. Its just you hear what you can do when you achieve the level but no one tells you what happens if you did it anyway
> Hi Zoe There is a diagram that shows what work can be carried out at what levels.Student should not take on any work unless agreed by the ICB and they usually ask for supervision.AICB can do some work up to TB for limited companies.I would just say if you are ever unsure ask.Kind regardsStuartSent from my iPad > > >
Sorry if I was a bit blunt and to the point. I was a bit short of time and just wanted to highlight that the damage you could do to your own business could be far, far worse than anything the ICB would do to you. Kris
Better to be safe then sorry
