Professional Standards Department is pleased to publish its
Trust and Company Service Providers Thematic Review.
This document summarises the responses to a detailed Questionnaire issued to a sample of firms based in Northern Ireland. The majority of firms only provide TCSP services such as company formation / registered office and only provide such services to existing clients alongside other ancillary accountancy services (eg statutory audit, tax and accounts preparation).
Firms are aware of the risks associated with TCSP services but do not always consider such services to be high risk when provided to existing clients with a clear business rationale expressed for the service. We are encouraged by these findings which support our wider monitoring and supervision activity.
LOADING...