Anonymous
Share this content
5

How to handle outgoing agent information received

Difficulties with agent handovers

Didn't find your answer?

Hi

I wondered if anyone has ever had experience of requesting information from an outgoing agent and receiving scant and nonsensical garbage?

I asked for a TB and supporting schedules, which the guy said he couldn't as his computer had crashed. Having downloaded a copy of the previous years accounts from Companies House, and pushing for answers, I've had some strange remarks regarding Fixed asset additions being shown in the P&L rather than Depreciation and the Fixed assets rec in the Notes section not showing b/f costs and depreciation separately.  When I questioned that the accounts weren't to current accounting standard the guy said HMRC haven't queried them so they must be ok!

Should I attempt to do anything about this, as none of it makes any sense, or just pick up the reigns and get on with it for the new client?

 

Replies (5)

Please login or register to join the discussion.

avatar
By Wanderer
21st Mar 2020 03:13

Quote:

Should I attempt to do anything about this, as none of it makes any sense, or just pick up the reigns and get on with it for the new client?

What you describe probably highlights underlying issues with the previous adviser and will be part of the reason why you have a new client, so, whilst frustrating, view it as a positive!
From what you say you have documented the (lack of) effective information that has and will be passed on.
Just move on and do your best for the client for the current year, ensuring that the balance sheet at the next year end gives a good base for the future.
Thanks (1)
Replying to Wanderer:
avatar
By bernard michael
21st Mar 2020 09:40

Quote:

Quote:

Should I attempt to do anything about this, as none of it makes any sense, or just pick up the reigns and get on with it for the new client?

What you describe probably highlights underlying issues with the previous adviser and will be part of the reason why you have a new client, so, whilst frustrating, view it as a positive!
From what you say you have documented the (lack of) effective information that has and will be passed on.
Just move on and do your best for the client for the current year, ensuring that the balance sheet at the next year end gives a good base for the future.

....And hope HMRC doesn't pick up the problems when looking at the previous years information on the accounts

Thanks (1)
Replying to bernard michael:
avatar
By Wanderer
21st Mar 2020 10:08

Quote:

....And hope HMRC doesn't pick up the problems when looking at the previous years information on the accounts

Then deal with that problem if it arises, safe in the knowledge that accounts are hardly ever looked at by HMRC nowadays.
Thanks (1)
ALISK
By atleastisoundknowledgable...
21st Mar 2020 09:45

We’ve one the same at the moment. Just get this years BS right, use suspense as a control account and hope you don’t have to write too much off.
Make sure the client knows that you’re having to make adjustments based on how bad last years accounts were.

Thanks (1)
avatar
By Truthsayer
21st Mar 2020 13:28

Reins, not reigns.

Thanks (0)
Share this content

Related posts