CIRD30140 - Intangible assets: GAAP: conformity with: need to involve Revenue accountants

Essential that Revenue accountants closely involved

Where the question what figures conform with GAAP is, or may be, at issue, the close and early involvement of Revenue accountants will normally be essential.

In particular:

• it will usually be essential to involve a Revenue Accountant at the preliminary fact-finding stage (see CIRD30120) to ensure as far as possible that enquires are well targeted,
• following the completion of fact-finding, the contention that a company’s accounts are not in accordance with GAAP should only be advanced with the agreement of a Revenue accountant who will, if necessary, discuss the case with colleagues and must refer it to the Board’s Advisory Accountant.