CASC Accounts - Benefits of an External Check by ACASC |
Too many CASCs are at risk of running into problems created by their accounting paperwork. Regardless of having a professional accountant. HMRC may randomly request financial details (in the correct format) from clubs of all sizes and failing to supply the required detail can lead to real CASC Compliance issues. ACASC recommends that clubs send in their draft accounts or (financial statements) to be independently checked by us externally.
CASC Accounts and Club Insurance Policy
Insurance policies are typically full of micro-conditions that may be
overlooked, or may at first not seem important to the club.
Some of these conditions can relate to the club's financial accounting
or bookkeeping.
Whether explicitly required in your club's insurance policy or not,
it may be wise to get your CASC's annual accounts or financial statements externally checked by ACASC.
It is worth noting that this service is free to all unincorporated CASCs that are members of ACASC.
So please do not hesitate to get in touch if you would like to know more about our CASC Accounts checking
Services for Unincorporated and Limited Company CASCs.
|