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HMRC internal manual

Senior Accounting Officer Guidance

Senior Accounting Officer main duty: reasonable steps: monitoring processes

A Senior Accounting Officer (SAO) must

  • decide what monitoring processes the company needs, taking into account the level of risk in calculating tax liabilities
  • consider the circumstances of the business and the impact of particular issues in deciding how to monitor accounting arrangements
  • consider the suitability and efficiency of any monitoring processes already in place and whether any additional processes are needed.