Members

Services For Sole Practitioners

Option 1 - Membership of Our Small Practitioner Scheme

For an annual fee of £1,450 + VAT payable monthly by standing order you will be entitled to the following services:

The HAT Audit and Accountancy Manual, HAT Audit Procedures Manual, HAT Money Laundering Manual, and HAT Practice Assurance Manual free of charge with free updates;
Two hot or cold audit file reviews per year undertaken in our office;
One hot or cold audit-exempt file review per year undertaken in our office;
Technical help line which covers how to use the manual, financial reporting and audit issues;
Free manual induction courses (held at our London office). This would represent 3.5 structured/verified audit related CPD hours per person;
A bi-monthly technical newsletter;
Three specialist technical newsletters per year, covering charities and pensions.

For firms subscribing to this service for part of a year, the number of file reviews included in this package will be based on one file review for each four month period (or part thereof). Note that the minimum period of membership is twelve months from the date of commencement.

Firms wishing to have all three of their annual reviews undertaken at the same time can have their reviews undertaken at their office - disbursements will be charged. Note that if one of the audit file reviews is a consolidation, this will be undertaken in lieu of the audit-exempt file review, and hence there will be only two file reviews included during the year.

Option 2 - Membership of Our Small Practitioner Scheme

(With Reduced File Reviews and Manuals)

For an annual fee of £750 + VAT payable monthly by standing order you will be entitled the services outlined above, but:

Without the HAT Audit Procedures Manual, HAT Money Laundering Manual or HAT Practice Assurance Manual; and
Only one hot or cold file review (audit (not consolidation) or non-audit) per year undertaken in our office.

Note that the minimum period of membership is twelve months from the date of commencement.

Additional reviews available under both Option 1 and Option 2 above:

Additional hot or cold file reviews can be carried out at the rate of £370 per file (£520 if the entity is a parent, which is also preparing consolidated financial statements) plus any follow up time required is charged at the rate of £150 per hour. If the entity being reviewed applies IFRS, there will be an additional charge for the review of £75. Any listed company / AIU review, plus any correspondence required with the ICAEW / ACCA will be charged at our hourly ratenoted above, pro-rata.

Services available to non-members:

Any non-member firm wishing to receive hot or cold file reviews may do so, but these will be charged at the non-member rate of £455 per file (£640 if the entity is a parent, which is also preparing consolidated financial statements), plus any follow up time being charged at £185 per hour. If the entity being reviewed applies IFRS, there will be an additional charge for the review of £90. Any correspondence required with the ICAEW / ACCA will be charged at our hourly rate noted above, pro-rata.

To ensure that we are able to complete and return files within your timescales, we work to the following timescale:

We require at least five working days notice of a file review being required by you; and
As it may not always be possible to schedule a file to be reviewed immediately it arrives in the office, we reserve the right to take up to five working days to complete the review once the file has arrived in the office.

Therefore, if a file arrives in the office for a review for which we have not received prior notice, we reserve the right to take up to ten working days to complete the review. It is possible that we may be able to complete the file in a shorter timescale than these, but this will depend upon staff availability, and pre-arranged commitments. Please note that whilst we endeavour to complete reviews in accordance with this timescale, if a large number of files are received for review at the same time, we cannot guarantee to meet these timescales. If you have a tight deadline for completion, I am sure you can appreciate we will insist on advance notice so we can assist you.