Update 1 April 2016 - New Guidance Note 10 published - Requirements for ATOL Reporting
The ATOL Reporting Accountants' scheme has been developed by the CAA in order to help improve the standard of ATOL
reporting and to provide assurance that financial information which is submitted on behalf of ATOL holders is accurate.
The scheme is designed to ensure that designated accountants of participating bodies are sufficiently knowledgeable
about both the industry and specific requirements of ATOL to provide the required assurance needed by the CAA.
The scheme will ensure that the professional bodies provide the appropriate level of continuing professional
development (CPD) in order to best equip their members to successfully undertake ATOL work. It also means that
professional bodies will have in place a more professional regime that focuses on the demonstration of competence,
helping to reduce overall risks in the market of reporting false or inaccurate financial information by ATOL
An online ATOL training course has been provided as part of the overall continuing professional development to
become an ATOL Reporting Accountant. To register to do this training please email us with the following details:
Guidance Note 10 - Requirements for ATOL Reporting Accountants, is
published in Official Record
Series 3, as well as the Annual Accountants' Report, which is required to be completed as a term of holding an
An Airline Ticket Agent Report must be completed if requested by the CAA
A list of ATOL Reporting Accountants can be found below, we will add more designated ATOL Reporting Accountants to
the list as we receive them from the Professional Accountancy Bodies’.
AAT – Association of Accounting Technicians
ACCA – Association of Chartered Certified Accountants
AIA - Association of International Accountants
ICAEW – Institute of Chartered Accountants in England and Wales
ICAI – Institute of Chartered Accountants in Ireland
ICAS – Institute of Chartered Accountants in Scotland
IFA - Institute of Financial Accountants
The ARA Scheme has been set up by the CAA and the professional accountancy bodies under agreement to ensure competent ATOL Reporting. Accountants will need to be a designated ARA to provide ATOL reporting in future.
All ATOL reporting needs to be signed by an ARA from 1 April 2016 onwards.
Only professional accountancy bodies which have signed the agreement with the CAA will be able to designate their members to become an ARA. Five professional accountancy bodies have signed the agreement, ICAEW, ICAS, AAT, ACCA, IFA and the AIA.
No, the registered auditor does not need to be the ATOL Reporting Accountant. However, it is possible that they may be the same person. Therefore, an ATOL holder can proceed with their current audit arrangements for their financial statements.
Accountants will need to apply direct to their professional accountancy body to become an ARA.
Therefore, an ATOL holder will need to encourage their accountant to speak to their professional accountancy body direct. The CAA is providing training through an online ATOL training module to assist that process. The only mandatory requirement for an accountant from the CAA is the completion of the online ATOL training module and the accountant will also need to satisfy all the other requirements of the relevant professional accountancy body.
Your accountant will need to apply using the following email address CAA.ARAScheme@caa.co.uk, providing the following information:
First name, Surname, Professional Accountancy Body, Registration number with Professional Accountancy Body. They will then receive the login details to do the training for an 'ATOL Reporting Accountant'.
Yes, once the module has been completed the accountant can print the certificate direct online to provide to their professional accountancy body. The CAA will also provide all results of the training to the relevant professional accountancy bodies direct.
Each professional accountancy body signed up to the ARA Scheme has provided the CAA with a listing of their designated members. The ATOL Reporting Accountants list is regularly updated.
No, all accountants applying to become an ARA will need to complete the ATOL training module.
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