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• # 77692
• Tue 13 Dec 2011 10:55 AM

i have been ocntacted by a local CA who is interested in outsourcing some bookkeepingwork to me, this will be my first proper client so I want to make sure I get the paperwork right at the start.


i figure once we have agreed a rate I will need to provide a letter of engagement outlining our agreement, now the parti I really am not sure about - money Laundering forms.  I have read through the folder provided bythe ICB, I know what I have to complete and keep if working direct for a lcient, what I am not sure about is this:-

as the CA will be regulated under the MLR and have doen his checks on the client - do I just get the CA's details etc. for the MLR and a copy of his form for the client I am working on or do I need to do something different?

I would be grateful for advice as i am meeting the CA on Friday.

Thanks

Pamela
 

• Pamela Dillon FMAAT MICB

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• # 77695
• Tue 13 Dec 2011 12:49 PM

Hi Pamela

I've had the same situation but the other way around recently. I asked a CA to do some work for me. He simply asked for a letter from me on my headed paper saying that I had carried out MLR checks and due diligence and that he could fully rely on it.

I guess if there are any problems then it comes down to my checks as he has the letter to cover his back.

Hope this helps
Clare
 

• Bruton Young Bookkeeping
  
  

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• # 77696
• Tue 13 Dec 2011 01:16 PM

Hi Pam

I appreciate Clare has pretty much answered your question, the only thing I'd add is that I was advised that the letter from the Accountant should include a list of all the clients they has asked you to complete work for.



Edited at 13 Dec 2011 01:16 PM GMT

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• # 77697
• Tue 13 Dec 2011 02:16 PM

Tonysaid:

“Hi Pam

I appreciate Clare has pretty much answered your question, the only thing I'd add is that I was advised that the letter from the Accountant should include a list of all the clients they has asked you to complete work for.



Edited at 13 Dec 2011 01:16 PM GMT”

• Bruton Young Bookkeeping
  
  

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• # 77716
• Tue 13 Dec 2011 09:40 PM

Claresaid:

“Tonysaid:

“Hi Pam

I appreciate Clare has pretty much answered your question, the only thing I'd add is that I was advised that the letter from the Accountant should include a list of all the clients they has asked you to complete work for.



Edited at 13 Dec 2011 01:16 PM GMT”

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Excellent point Tony - didn't think of that as I was only outsourcing work for one client. I guess the CA would want one letter listing all clients or a separate letter for each client.
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• Pamela Dillon FMAAT MICB

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