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Oxford 01865 559900 | Abingdon 01235 548700 | Cirencester 01285 659778
As of 1 April 2016, all ATOL reporting to the Civil Aviation Authority (CAA) must be signed by an ATOL Reporting Accountant (ARA).
An ARA is an individual or firm, registered and licenced under the ICAEW, to report upon the information provided to the CAA by the ATOL holder under the ATOL Reporting Accountants Scheme (ARA Scheme).
The scheme has been developed by the CAA in order to help improve the standard of ATOL reporting and provide assurance that financial information which is submitted on behalf of ATOL holders is accurate. The scheme is designed to ensure that designated accountants of participating bodies are sufficiently knowledgeable about both the industry and specific requirements of ATOL to provide the required assurance needed by the CAA.
At Wenn Townsend, we have an experienced ATOL team within our Audit and Assurance department, all of whom have undertaken the necessary accreditation training required by the CAA. As a firm, we are committed to ensuring that we stay up-to-date with CAA reporting requirements and have a focus on ensuring that our team maintain their continued professional development in this area. As a result, you will receive meaningful insights into your business operations, whilst ensuring that the CAA’s strict compliance requirements are followed.
If you would like to discuss the CAA’s reporting requirements or how we could be of assistance, please do not hesitate to get in touch for a consultation with a member of the team.
Anti-money laundering (AML) penalties reached a record high of £6.2 billion worldwide last year, according to data from software company Encompass Corporation.
22 Jan 2020
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