How do I apply to become an Accredited Body?
If you would like to become an Accredited Body yourself, rather than becoming a member of an existing one, then please email us at email@example.com. We will be able to provide you with information about how to apply, including the audit process.
The application fee for Accredited Body status is £23,992. A £5,997 renewal fee applies every year.
What role does the CAA play in my application to become an Accredited Body?
The CAA tests the following areas:
- Control of clients monies
- Accreditation of a member,
- Risk management and business operations among others.
The CAA will appoint a third party audit firm to assess these areas, amongst others. Accredited Bodies are ATOL Holders and are subject to the same fitness and financial requirements.
Will I need a trust account if I become an Accredited Body?
Yes, all Accredited Bodies must have a CAA-approved trust account. The CAA will become party to the trust account and ensure that the trustees have sufficient independence and are able to administer the account appropriately.
How often will I be audited if I become an Accredited Body?
An Accredited Body can expect to be audited every three years.