Industrial Provident Society. Exemption report

Industrial Provident Society. Exemption report

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All previous accounts have gone through. They tell me they are tightening up though regulations say different!
Si

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By Dave Collier
06th Jul 2006 16:34

Ask them!
On a set of limited company accounts the exemption from audit statement is prepared by the directors and signed by them. I've never heard of an exemption from audit statement having to be signed by a registered auditor! Perhaps you should ask the FSA where in the regulations it says this!?

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By Dave Collier
06th Jul 2006 11:05

What do you mean?
What do you mean by an "Exemption Report". We are an IPS and have our accounts prepared and audited by a top firm of accountants and don't have anything referred to as an "exemption report". Or do you mean you are exempt from audit and therefore need a statement to that effect?

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DougScott
By Dougscott
07th Jul 2006 11:05

Where in the regs?
In your phone conversation with them did the FSA indicate where in the regulations we can find this apparently new requirement?

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