Validity of expenses

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is there any reposibility of a practice accountant to check the validity of expenses when preparng a ltd company accounts? or when a director say someting he just put it in the accounts?  

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By johngroganjga
30th Mar 2017 22:18

Assuming you are not auditing the accounts, and further assuming that you have no reason to suspect that a director is lying to you when you ask him for explanations, no.

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By Duggimon
31st Mar 2017 10:29

Not our responsibility to check every expense but I would question anything I thought dubious just to ensure the client does have an explanation were he to be questioned by anyone less nice than me.

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By Kevin Kavanagh
31st Mar 2017 10:44

You're ACCA qualified (your post April 15) - shouldn't you be able to answer this fundamental question yourself?

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