Are work programmes required?

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I have recently sent off for my ACCA practicing license, and have got a plan of what i need to get started once granted. However the one area I am struggling to find sufficient information on is the need to have work programmes in support of any accounts prepared. 

 

Having worked in practice for 10 years, I am accustomed to the work programmes which cover each section including planning, completion and sign off, that firms such as CCH provide.

 

However I am not sure whether these are actually required and what is the norm for sole practitioners or very small firms. Obviously I will need a working file with supporting information / calculations etc. but don't know if the programmes would be overkill and an additional unnecessary cost?

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RLI
By lionofludesch
28th Feb 2017 07:30

No, you don't NEED them.

But they are useful. Just make your own up.

What you do need is a good disclosure checklist.

Or did need until we started disclosing virtually nothing in the accounts .....

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By adam.arca
28th Feb 2017 13:34

Yep, second the above.

Don't see any need to pay for them: with 10 years' experience, you'll have a very good idea of what work is needed.

But at the end of the day, it's really a variable feast issue. I've got a standard work programme I tend to use, but I also do the occasional "ad hoc" one for jobs which refuse to behave as they should, and also occasionally for small jobs I ignore a programme completely.

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