A member on the retired list may, however, undertake 'honorary' (ie unpaid) tasks falling within the definition of public practice for small charities, voluntary bodies and individuals within the undermentioned limits without holding one of the above certificates, if the following criteria are adhered to:
- the annual gross income/turnover of each individual charity, body or individual for whom work is performed must not exceed £100,000
- the combined gross annual income/turnover for all charities, bodies and individuals for whom work is performed must not exceed £200,000
- no fee or other significant benefit should be accepted in respect of such work
- charities or bodies for whom the work is carried out must not be limited liability companies or other entities requiring an audit by a registered auditor
- Council has defined 'significant benefit' as amounting to a non-monetary gift worth more than £50 in value. Furthermore, it would be a breach of this provision for a member to accept an 'inflated' expenses payment in relation to the completion of a task. The reimbursement of expenses should relate only to items strictly necessary to the completion of a task.
This provision (Chartered Certified Accountants' Practising Regulation 4(3)) exists to allow members to use their skills to make a contribution to their local communities or to assist relatives, friends and neighbours as a favour.
It is not acceptable to produce business stationery in connection with such work which purports to be that of a practising firm.