Urgent Accountant Qualification Question

[aron1234]

I have past 2 years un audited accounts but have the accounting firm name not single accountant name with qualification. Would someone please let me know is it necessary to show the accountant name and qualification in the accounts and because it doesn't have what are my options ?

Please advice me

[zimba]

Accountant name = the name of the firm
The governing body the accountancy firm is part of usually appears in the compilation report

[aron1234]

Hi Zimba thanks for your fast reply , the guidance says "The accounts must clearly show the name of the accountant, the date the accounts were produced, and how much you have invested in the business".

Would you please clarify if the accountant need to show his qualification as they are asking for specific qualifications as requirement? It's little confusing or do I need to provide any other letter separately to show accountant qualification

[zimba]

As I said it is usually the accountancy firm name that should be clearly written on the accounts. They also require accountant to be registered with certain bodies as given in the guide. Your accountant can include this information in the compilation report. Talk to your accountant

[dnf]

On the accounts, it is always the firm name, which is required by at least the ACCA by laws(which is what I have to abide by).

Your accountant must write a letter confirming his/her full name, his registration number and that he/she is a fully qualified member of the relevant accountancy body.

[thutmose]

what if the accountant writes his name on the accountant's report too?

Example

XXXX YYYY AFA/ACCA/MAAT
AAAAA Accountancy
address

It is more like what HO wants isn't it?

[dnf]

Thutmose

The accountant can choose to write his/her name on the compilation report. However, if he/she is an ACCA member than he/she may not want to do it due to ACCA by laws.

Home Office want to know that the accountant preparing the accounts is a qualified accountant, which is why a letter would be required. On that letter, the accountant would draw H/O attention to the compilation report, which may have the firms name under it but the letter clearly indicates that the report was prepared by a qualified accountant on behalf of the firm.