- Being a member
- CIMA Professional Development
- Members in Practice
- Members' Handbook
- Royal Charter, Byelaws and Regulations
- Governance structure
- Code of ethics
- UK and International legislation
- Regulators
- IFAC
- CCAB
- FEE
- Additional members' guidance
- Part A: Members in Practice general information
- Part B: Members in Practice support information
- Part C: Practising Certificate information
- CPD policy and framework
- Professional conduct process
- AADB scheme
- AIDB regulations
- Technical resources
- FAQs
- Money laundering regulations
FAQs
I have been asked to sign off accounts for a charity with and income above GBP250,000 although the Ltd. Company threshold is GBP5.6million. Which rule overrides and can I sign off accounts of this size? |
| Answer No, you cannot sign off these accounts. In the UK, the Charity Commission advice line also explains that for Charitable Companies there are two sets of requirements; those of Companies House and those of the Charities Commission. For Members in Practice the Charity Commission’s rules apply as far as thresholds are concerned, and this would currently preclude the member from examining the accounts of a charitable company with this level of turnover. |
- Can I sign off the accounts of a club/charity? Do I need to register as a Member in Practice to do this? Do I need to register as a Member in Practice if I’m not going to be paid for the work?
- I have been asked to sign off accounts for a charity with and income above GBP250,000 although the Ltd. Company threshold is GBP5.6million. Which rule overrides and can I sign off accounts of this size?
- I have a practice with shared ownership and am wondering if I can use the term 'Chartered Management Accountants’ after the company name. What are the rules governing use of the CMA descriptor?
- I have been asked to sign a client reference/mortgage application but it has not been accepted by the bank/building society, as I am a CIMA member and not a Registered Auditor. What can I do?
- I wish to become a Registered Auditor and wish to be regulated by another body e.g. ACCA without becoming a member of that body. Can I do this?
- I am going to work as a Member in Practice in a practice overseas. Will registering as a Member in Practice allow me to do this?
- I have recently acquired a new client whose previous accountant is retaining client information due to fee disputes. Are they allowed to do this?
- I wish to make a complaint against a CIMA member who I feel has overcharged me. What can I do?
- Does CIMA have a fee arbitration scheme?
- Does CIMA have any guidelines for charging fees/rates?
- Does CIMA have a Consumer Credit Licence?
- Do I need client validation letters to register as a Member in Practice?
- Is there an Institute policy on becoming incorporated? How do I set up my own business?
- Can a CIMA student/passed finalist become a Member in Practice?
- I have checked the Practising Certificate Holders’ database and I am not listed even though I am a Member in Practice. How can this be resolved?
- Is there an online list of Members in Practice and where can I find it?
- Is there an online list of members and where can I find it?
- Does CIMA provide standard letters of engagement or continuity agreements?
- What are the current UK audit exemption thresholds?
- What is a Reporting Accountant and how do I become one?
- Where can I obtain the CPD guidelines?
- What is CIMA Professional Development (CPD) and what are the requirements?
- What is a Continuity Arrangement and why do I need it/how do I create one?
- What is Professional Indemnity Insurance (PII) and why do I need it/where do I obtain it?
- Where/how can I obtain the Practising Certificate Holder logo?
- Can I use the CIMA logo?
- How do I apply for a Practising Certificate?
- Does CIMA provide Client validation letter templates?
- I have been asked to provide accountancy services for free – do I need to register as a Member in Practice?
- I do part-time accountancy work – do I need to register as a Member in Practice?
- How do I register as a Member in Practice and what are the requirements?
- I have been approached by the police to disclose information about a client/employer. What does CIMA’s Code of Ethics advise?
- I have a dispute with my employer. Can CIMA assist me?
- Where can I get more information about current money laundering legislation?
- I believe someone in my organisation/client is money laundering, Can CIMA advise me on what I should do next?
- I have discovered what I believe to be illegal and fraudulent practices in my organisation and wish to report the situation. How do I do this and where can I obtain further advice?
- I have discovered someone who I believe is falsely claiming to be a member/student of CIMA. What should I do?
- What publications are available to CIMA members/students?
- Where can I obtain the Royal Charter, Byelaws and Regulations?
- I have become bankrupt/taken an IVA. How does this affect my CIMA status and what can I do?
- I would like a letter confirming my CIMA membership. Where can I obtain one?
- I have a criminal conviction but still wish to register as a CIMA student. Can I still register and what does the process involve?
- Does CIMA have a trade union to represent its members/students?
- Does CIMA offer legal advice or services?
- Does CIMA still provide copies of Financial Reporting Standards (FRSs) for free?
- Can I perform an audit?
- Can CIMA provide information about its members/students to third-parties/potential clients?