New accountancy rules for ATOL companies
ATOL registered travel companies are subject to rigorous auditing and accounts reporting, to fulfil their statutory obligations.
However, from 1 April 2016 onwards, only a registered and designated ‘ATOL Reporting Accountant’ (ARA) working with a registered firm, is able to sign ATOL accountants’ reports.
Although the travel industry may feel that this is yet more red tape for them to deal with, the new rules protect both ATOL companies and their customers. The new qualification means that ATOL companies can appoint an ARA accountant, safe in the knowledge that the individual really does understand what the CAA expects by way of information.
Here at fft, we are able to offer ARA accounting services to ATOL companies.
fft is a licensed practice for ATOL reporting purposes and Partner Ian Sluckis is a registered practitioner.
We would be happy to discuss your audit and ATOL accounting requirements. To discuss your needs and how we can help you, please contact us.