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reporting accountant


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1. An accountant or firm of accountants who report on the financial information provided in a prospectus. They may or may not be the company’s own auditors. It is usual for reporting accountants to have had previous experience of new issues and the preparation of prospectuses. See accountants report. 2. An accountant or firm of accountants who submit a report to accompany the annual accounts of a small company stating that (a) the accounts are consistent with the accounting records of the company and the provisions of the Companies Act and (b) that the company is exempt from statutory audit on the basis of its size. The reporting accountant may not be an officer or employee of the company in question. See audit exemption.

1. An accountant or firm of accountants who report on the financial information provided in a prospectus. They may or may not be the company’s own auditors. It is usual for reporting accountants to have had previous experience of new issues and the preparation of prospectuses. See accountants report. 2. An accountant or firm of accountants who submit a report to accompany the annual accounts of a small company stating that (a) the accounts are consistent with the accounting records of the company and the provisions of the Companies Act and (b) that the company is exempt from statutory audit on the basis of its size. The reporting accountant may not be an officer or employee of the company in question. See audit exemption.

Subjects: Accounting.


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