Hi
I recently passed my Level II Manual Bookkeeping through the ICB and would like to know where mu restrictions lie as to how far I can take
Clients books. Should I be completing SA or shoul I pass this to an accountant?
Many thanks,
Stacey x
You shouldn't be doing SA until you have passed the SA exam. The same with Payroll. At level II you can do the final accounts of sole traders and up to trial balance for partnerships and limited companies.
I'm never sure as to how much of this is a restriction the ICB place on you or the fact that your PI insurance will not cover you for things you are not qualified to do.
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Never buy black socks from a normal shop. They shaft you every time.
What you can and can't do depends on whether or not you are advertising your ICB membership or being supervised by ICB or whether you are operating solely on your on behalf.
If the former than you are restricted by their rules which means you cannot do work for which you have not gained their qualification.
If the latter, you can take on any work which you feel confident to perform.
I have an ICB membership and am acting on behalf of clients. So I am able to do my own SA however not for mu clients until I have he relevant qualification? Is his right?
