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Accountants put on compliance notice by ICAEW

5th Jan 2006
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Award winning Digita Software from Thomson Reuters.

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'Practitioners must review their compliance strategies' ' Digita

Recent alerts by the ICAEW indicating that many accounts being filed at Companies House are of a poor standard and have not been adequately checked by member practices who put their name to them, has prompted software developers Digita to call on the profession to undertake a serious review of their current accounts software.

Research by the Professional Oversight Board for Accountancy (POBA) has indicated that a sufficiently large sample of accounts reviewed did not reach the standards required and constitute a 'major concern' to the board and to the profession.

Simon Witkiss, Digita Accounts Pro Product Manager said: 'If the accounting bodies are issuing alerts concerning the quality of accounts filing at this time of year when practitioners are snowed under with meeting the self-assessment deadline, the problem must run very deep indeed.'

'Because of the rapidly changing nature of compliance requirements, many practices, especially those with limited development resources, cannot keep apace so it is time to seriously review their compliance strategies and accounts software.'

Witkiss added that Digita had the advantage over other, older applications because Digita Accounts Pro has been developed using the latest SQL and .NET technology and is the only final accounts package accredited by the ICAEW and Microsoft.

'Digita Accounts Pro is future-proof software that gives practitioners real confidence in the accuracy, efficiency and quality of their reporting and accounts filing.'

Release issued on behalf of Digita by:

Proteus Media Limited
Woodwater House
Pynes Hill
Exeter EX2 5WR

Tel: 01392 687477
[email protected]

For further information:
Jerry Rihll or Karen Green on 01395 270273
Or
Neil Devons, Proteus Media Limited on 01392 332833/07711 137787

Notes for Editors

1. Digita is a financial services technology company. Founded in 1986, the Digita team of more than sixty software specialists serves a professional client base that includes over 3,000 accountants.

2. Digita is the only UK software developer in the professional accountancy sector to be accredited by Microsoft with the 'designed for Windows XP' and authorised to use the logo. The company is a Gold Partner of the Microsoft Corporation.

3. Digita also provides consultancy and Internet services to the Inland Revenue, Bank of Ireland, Lexis Nexis Butterworths Tolley, NatWest Bank and other leading corporations.

4. For more information about Digita visit www.digita.com

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