What to ask the accountants.

Here is an outline of the sorts of questions one should ask the accountants courtesy of Accounting for Non-Accounting Students.

The companies act of 1985 now requires directors to show copies of the company's annual accounts, the directors' report and the auditors' report on those accounts. So that the accounts don't break the law the following questions are suggested.

* Can you assure that the accounts are prepared in accordance with the companies act of 1985?

* Has every applicable accounting standard been followed?

* What (if any) are the relevant stock exchange requirement that we need to follow?

* Are there requirements that could cause difficulty for our company?

* Do we have to follow any accounting standards on such issues?

* What sort of effect could it have on the result if we followed them?

* Is it possible to invoke the true and fair view override rule?

* Do you know what the auditors think?

* If the requirements are ignored are the likely to be investigated by the FRRP?