Solomon Hare provides a digest of the new arrangements for reporting to the Association of British Travel Agents, drawn from ICAEW Technical Release Audit 2/02. You can download this Solomon Hare circular as a Word document (112K).
In September 2001 the ICAEW's Audit & Assurance Faculty ('the Faculty') issued Technical Release Audit 1/01 'Reporting to third parties'. At that time the Faculty indicated it would endeavour to agree with certain third parties who required reports from accountants the terms of reference and wording of reports that would be standard for particular assignments. Technical Release Audit 2/02 ('Audit 2/02') is the first agreement to result from this process.
The Association of British Travel Agents Limited ('ABTA') has agreed a new rep...