CAA/ATOL reporting

While requirements for the ATOL Reporting Accountants Scheme are still to be confirmed, interim measures will be put in place

ACCA is still awaiting the memorandum of understanding from the Civil Aviation Authorit (CAA). We have been pushing the CAA over the last few months.

Therefore, and regrettably, future reporting requirements, member obligations and the other areas that you would rightly expect to be in place, despite pushing the CAA, are far from clear. The CAA portal is also delayed.

As an interim, we will shortly be highlighting to members that the CAA is introducing a stop-gap measure. This will state:

The Civil Aviation Authority (CAA) highlighted in September that it will establish a contact email for training for the ATOL Reporting Accountants Scheme, which it plans to bring into effect on 1 October 2015.

The email is caa.arascheme@caa.co.uk and may be used by accountants to contact the CAA in order to apply to undertake training. 

The CAA has said that it will require the following information from each accountant:

Name

Professional accountancy body

Member registration number

Email address

ACCA will be producing engagement letters to update those that we already provide for members. We will be considering if guidance is required above that in CAA Guidance Note 10 and will assess if additional member CPD is necessary.

We are retaining a list of members who have indicated that they are involved in this area, and we will send them further information outside of our normal member communications.

If you require support, please email supportingpractitioners@accaglobal.com.

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