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Post Info TOPIC: Continuity of practice cover
anthonypd


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Continuity of practice cover
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Hi,

my names Anthony, i'm up in Halifax. I'm trying to fill in my form to become a licensed member but its asking for someone for the continuity of practice cover. I was wondering if anyone could help please? thank you 



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Shamus


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Hi Anthony,

welcome to the forum. You need to say licensed member of which professional body.

Some bodies do not recognise the existance of others. General rule is your level and up. So, for example, for ACCA it would be another ACCA practice or a chartered Practice. For AAT is would be an MAAT MIP, ACCA, Chartered, etc.

Check the small print of what your practicing certificate requires

HTH,

Shaun.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
anthonypd


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Hi Shaun,

Thanks for the help, i'm lv 3 AAT qualified, i need someone who is level 3/4 with a practice certificate.

Thanks
Anthony

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Cheshire


Master Book-keeper

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Hi Anthony
You might want to add a bit more detail.

Some background - your experiences (in and out of bookkeeping/Accountancy). What exams have you passed/where up to/what exams planning on taking etc etc- we do normally ask that anyway. If you are aiming your services at a niche and what that niche is. What kind of services are you planning on offering. Licence for what? Bookkeeping? Accountancy? Plus crucially - who is the licence with?

Several reasons for asking
- Folk will need to know what they are signing up for.
- Its useful to know your background because eg someone might not be able to take on a complete newbie with little knowledge given the COP would take up too much time to sort out if its ever called upon, whereas they might be prepared to by a COP for someone with considerable knowledge
- As an IAB bod you cannot provide cover for an ACCA bod/ AAT cannot provide for ICAEW. Bookkeeper cannot provide for an Accountant. you get my drift.
- will it be reciprocal?
etc

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Cheshire


Master Book-keeper

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Quicker at typing than me today Shaun! (In my defence I was distracted by lunch!)



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Shamus


Forum Moderator & Expert

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Cheshire wrote:

Hi Anthony
You might want to add a bit more detail.

Some background - your experiences (in and out of bookkeeping/Accountancy). What exams have you passed/where up to/what exams planning on taking etc etc- we do normally ask that anyway. If you are aiming your services at a niche and what that niche is. What kind of services are you planning on offering. Licence for what? Bookkeeping? Accountancy? Plus crucially - who is the licence with?

Several reasons for asking
- Folk will need to know what they are signing up for.
- Its useful to know your background because eg someone might not be able to take on a complete newbie with little knowledge given the COP would take up too much time to sort out if its ever called upon, whereas they might be prepared to by a COP for someone with considerable knowledge
- As an IAB bod you cannot provide cover for an ACCA bod/ AAT cannot provide for ICAEW. Bookkeeper cannot provide for an Accountant. you get my drift.
- will it be reciprocal?
etc

 Lol, I snook in there like a ferret down a rabbit hole today biggrin

Working from home today... Yes I am, you can't prove otherwise!

Hope that you are having a good day,

All the best,

Shaun.

 



__________________

Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink  

Shamus wrote:
Cheshire wrote:

Hi Anthony
You might want to add a bit more detail.

Some background - your experiences (in and out of bookkeeping/Accountancy). What exams have you passed/where up to/what exams planning on taking etc etc- we do normally ask that anyway. If you are aiming your services at a niche and what that niche is. What kind of services are you planning on offering. Licence for what? Bookkeeping? Accountancy? Plus crucially - who is the licence with?

Several reasons for asking
- Folk will need to know what they are signing up for.
- Its useful to know your background because eg someone might not be able to take on a complete newbie with little knowledge given the COP would take up too much time to sort out if its ever called upon, whereas they might be prepared to by a COP for someone with considerable knowledge
- As an IAB bod you cannot provide cover for an ACCA bod/ AAT cannot provide for ICAEW. Bookkeeper cannot provide for an Accountant. you get my drift.
- will it be reciprocal?
etc

 Lol, I snook in there like a ferret down a rabbit hole today biggrin

Working from home today... Yes I am, you can't prove otherwise!

Hope that you are having a good day,

All the best,

Shaun.

 

 working....hmmmmm. While the boy is away....

 

Best day all week - just finished a mare of a VAT recon on a margin client that is now over £1m T/o per qtr!  Usually goes to the wire on 7th, but all done (minor miracle) at close of play last night.  



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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