Hi all,
I have a set of accounts I've reviewed and they've been prepared under the old GAAP and not using FRS, year ended 31/12/2016.
I've made the observation to the directors that the incorrect standard is being used and been told "we're signing them anyway, we don't want an arguement with those who have prepared them, they report into a much bigger structure and these serve fine for our purposes."
What can I do about this and are these officaly a signed set of accounts?
edit to add, Isle of Man company, act 1931-2004
Replies (4)
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Complain to Companies House ?
The chances of them noticing are so much better if you draw their attention to it.
Given the cr@p that Companies House accept (unless the signatures are the wrong shade of black) what makes you think that they give a toss as to which accounting standards have been used in preparing the accounts?
I actually think that they do care but the four staff they have doing the checking are insufficient to cover the millions of companies doing the filing.
Online filing hasn't helped. Nobody has to look at or handle this information to put it on file.
Making a complaint and demanding a response is much more likely to get some action.