Limited Liability Partnerships

Steven Collings gives an overview of the limited liability partnerships.

The Limited Liability Partnerships Act 2000 was introduced as a new form of legal entity, effectively “revamping” non-incorporated bodies, namely partnerships.  Limited Liability Partnerships (LLPs) have become increasingly popular since the introduction of the new legislation and more and more traditional partnerships are adopting LLP status.  It is notably more common for those seeking limited liability to incorporate (i.e. adopt Limited Company status) and therefore adoption of LLP status is at present mostly confined to professional firms, i.e. accountancy practices, solicitors etc.  This is the…

Association of Accounting Technicians

The Association of Accounting Technicians (AAT) is an established and well-respected professional membership body with over 100,000 students, full and fellow members worldwide.

The AAT was formed in 1980 by bringing together the membership of the Institute of Accounting Staff (IAS) and the Association of Technicians in Finance and Accounting (ATFA). The current sponsoring bodies of the AAT are CIPFA, ICAEW, CIMA and ICAS.

While primarily known for its Accounting qualification, the AAT also offers accreditation in Payroll, Government Finance and Bookkeeping. In academic terms, the stages of these qualifications are equivalent to NVQ/SVQ levels…

About the AAT Student Profiles

Over the coming months we will be adding profiles of both current students and qualified AAT members which will give an insight into their reasons for choosing the AAT qualification and some of the issues involved. If you would like to add your profile here please contact us.

Audit Evidence and Audit Procedure

Steven Collings gives an overview of audit evidence and audit procedure and the distinctions between the two.

Auditors have a statutory responsibility to report whether or not an entity’s financial statements represent a true and fair view of the state of their affairs.  Auditors have to undertake a thorough examination of the accounting records, procedures, policies and controls that an entity has which forms the basis of the financial statements.  In forming their opinion, auditors have to substantiate their opinion with audit evidence.  A common misconception is that audit procedures adopted by the audit team…

Payroll - Past Papers

You can now download questions and answers for past AAT exam papers, free of charge, from the AAT website. As time goes on they will be adding more documents for each new exam session, and adding a search option to make it easier to find the information you need.

For each past exam paper, there are three documents - the question sheet, the answer sheet, and a copy of the Chief Assessor’s Report.

For Payroll papers follow this link.

Note - to open a PDF file you need Adobe Acrobat…