Accountant needed for mortgage application?

Thrugelmir

amnblog wrote: »

Asking an Accountant to provide a reference when they have no practical understanding of your business may just incur cost to no result.

There'll understand the accounts and look at the basis on which they've been prepared. You don't need to understand the business. Doesn't take long to tell if figures have been massaged to paint a picture.

Ginger_Winner

Thanks for all of the advice.

I am going to approach some accountants with my accounts and see where I get to.

amnblog

Thrugelmir wrote: »

There'll understand the accounts and look at the basis on which they've been prepared. You don't need to understand the business. Doesn't take long to tell if figures have been massaged to paint a picture.

My point is that clients can find it tricky to get an Accountant to put their name to figures they did not prepare.

mrginge

Thrugelmir wrote: »

There'll understand the accounts and look at the basis on which they've been prepared. You don't need to understand the business. Doesn't take long to tell if figures have been massaged to paint a picture.

Professional standards may prevent a chartered accountant from signing off a set of accounts that they have had no involvement in the preparation or submission off.

csgohan4

The downside to preparing one's accountants. However Accountants do put clauses in their terms that they are not responsible for the figures, which is double standards to be honest.