Contributing 

Can accountants withhold information?

Leia Doyle

Can accountants withhold information?

The accountant can withhold his own workings if he hasn’t been paid for them. If you have all your records from that period though your new accountant should be able to reconstruct the VAT returns if that is all you need.

Are there any time limits in the Tsbpa rules that require reporting of certain violations?

Under Board Rule 501.90, a final felony conviction is a “discreditable act,” which must be reported to the Board within 30 days (Board Rule 501.91(a)).

Who owns accounting working papers?

the auditor
Working papers are the property of the auditor, and some states have statutes that designate the auditor as the owner of the working papers. The auditor’s rights of ownership, however, are subject to ethical limitations relating to the confidential relationship with clients.

Do working papers belong to client?

Consulting and advisory work Drafts, internal memoranda and similar documents in connection with that work belong to the member. Only the letters, reports or documents giving the advice belong to the client.

Can a non CPA be an accountant?

What Do Accountants Without Their CPA do? The public perception is one that encourages a CPA to be hired over someone without a CPA, but some companies really do not care either way. Many people with degrees in accounting continue to work in the field without the CPA attached to their name.

How important are these working papers in the accounting process?

Working papers are important because they: are necessary for audit quality control purposes. provide assurance that the work delegated by the audit partner has been properly completed. provide evidence that an effective audit has been carried out.

What is meant by audit working papers?

Audit working papers are the documents which record during the course of audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations. They show the audit was: Properly planned; Carried out properly.