Accountants put on compliance notice by ICAEW

05 January 2006

"Practitioners must review their compliance strategies"

Recent alerts by the ICAEW indicating that many accounts being filed at Companies House are of a poor standard and have not been adequately checked by member practices who put their name to them, has prompted software developers Digita to call on the profession to undertake a serious review of their current accounts software.

Research by the Professional Oversight Board for Accountancy (POBA) has indicated that a sufficiently large sample of accounts reviewed did not reach the standards required and constitute a 'major concern' to the board and to the profession.

Simon Witkiss, Digita Accounts Pro Product Manager said:

"If the accounting bodies are issuing alerts concerning the quality of accounts filing at this time of year when practitioners are snowed under with meeting the self-assessment deadline, the problem must run very deep indeed."

"Because of the rapidly changing nature of compliance requirements, many practices, especially those with limited development resources, cannot keep apace so it is time to seriously review their compliance strategies and accounts software."

Witkiss added that Digita had the advantage over other, older applications because Digita Accounts Pro has been developed using the latest SQL and .NET technology and is the only final accounts package accredited by the ICAEW and Microsoft.

"Digita Accounts Pro is future-proof software that gives practitioners real confidence in the accuracy, efficiency and quality of their reporting and accounts filing."

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