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ACCA Business
Navigator Providers
To help you achieve a well managed forward-looking business ACCA has
developed this packaged assurance product, which is offered by accredited
firms. The aim is to make significant performance improvements to your
business, to help identify practical solutions and to implement change. This
service is aimed at providing value-added services to help you achieve
business success in a challenging economic climate. Five key areas are
analysed: better cash flow, improved profitability, higher returns to
owners, improved long term stability and reduced compliance and business
risk.
Expert Witness
Work
ACCA has a register of expert witnesses who meet stringent criteria - all
hold ACCA practising certificates, have undertaken suitable litigation
training, have had experience of acting as an expert witness, and have been
able to provide references from two solicitors who have engaged them.
Insolvency
Work
If you are facing the possibility of personal bankruptcy or corporate
insolvency, an ACCA licensed insolvency practitioner can provide you with
invaluable advice. If professional advice is sought as soon as the signs of
trouble appear, then insolvency/bankruptcy may be avoided. If you are a
trade creditor and are concerned about a debtor or have been told that a
debtor is insolvent, a licensed insolvency practitioner can investigate and
advise on the best course of action. To become an ACCA licensed insolvency
practitioner, stringent criteria must be met and an ongoing experience
requirement must be achieved if the licence is to be renewed each year.
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Advice On Starting
Up A Business
ACCA business
advisers may offer advice on the legal form most appropriate to starting up
a business. In addition they may advise on related legal and taxation
issues, business plans for presentation to banks, and what you should expect
when starting up a business.
Accounting And
Bookkeeping
Advice can be
provided on setting up business systems, from basic bookkeeping (cashbook)
to comprehensive management reporting. Some accounting firms will undertake
the bookkeeping function, which may also include VAT return preparation.
Practitioners can also assist in the preparation of year-end accounts.
Advice On Running
And Managing A Business
Both ACCA practitioners and non-executive directors (NEDs) can provide
independent advice to managers of businesses; such help can be used in a
variety of ways, including:
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providing an external independent view
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overseeing the stewardship of the chairman/chief executive and board
members
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encouraging and developing new ideas
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assisting the company in difficult situations
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bringing specialist knowledge
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maintaining an ethical climate.
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Tax -
Statutory Requirements And Planning Opportunities
ACCA business advisers are able to offer advice on tax including corporation
tax, income tax, capital gains tax, PAYE and VAT. In addition, business
advisers can also offer tax planning advice and minimise your tax liability
now and in the future.
Management
Accounting
ACCA business advisers may set up systems to ensure that you know how your
business is performing. Additional services offered include budgeting and
performance monitoring and helping to ensure that a business runs in a
smooth and efficient manner.
Corporate Finance
ACCA business advisers may offer advice on how to finance a business and how
to buy or sell a business, as well as other related considerations.
Auditing A Company
ACCA business advisers, who are registered auditors, may audit a company's
accounts - such an audit may, in some circumstances, be required by law.
Investment Advice
Advice may be
sought on pensions, unit trusts, life insurance etc., from advisers
authorised to give investment business advice.
©2003 The Association of
Chartered Certified Accountants
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