in the UK can an unqualified accountant run an accountancy practice and prepare accounts?
(and enter an accountnats statement in the accs)? also can they maintain the company register? is their legally anything an unqualified accountant can't do that a qualified accountant can?
Other - Business & Finance - 1 Answers
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Answer 1 :
Accountancy is an unregulated industry, mostly. So an unqualified can do anything he likes. But all accountants now have to register for the purposes of anti-money laundering. If you have no professional body to register with you have to register with HMRC: http://www.hmrc.gov.uk/mlr/getstarted/register/who.htm There are heavy fines for not registering.
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