Alison Palmer, a Partner at leading Cotswold accountancy firm, McGills, which has offices in Cirencester and Malmesbury, has been appointed as an ATOL Reporting Accountant (ARA).
Significant rule changes mean that, since 1 April 2016, only qualified ARAs working in registered firms have been able to sign off ATOL accountants’ reports.
The Civil Aviation Authority (CAA) has introduced the ATOL Reporting Accountants Scheme to improve the quality of accountants’ reports on ATOL holders, reducing the likelihood that consumers would be affected by an ATOL company’s insolvency and suffer travel inconvenience and financial loss as a result.
To qualify as an ARA, accountants must undertake mandatory training and regular competence reviews, designed to ensure that accountants signing ATOL Accountants Reports are competent and experienced to conduct this type of highly specialised accounting work.
Alison Palmer said: “I am delighted to have successfully completed the ARA certification process.
“The new qualification means that ATOL companies can appoint an ARA accountant, safe in the knowledge that the individual really does understand what the CAA expects by way of information. The ATOL accountancy rules protect both ATOL companies and their customers.
“Here at McGills, we sum up our ethos of working closely with our clients to deliver the services they need as ‘Great partnerships start here…’ and gaining ATOL accreditation is a key part of this commitment.”
Alison Palmer joined McGills in 2002 and was appointed as a Partner in 2004. She works with clients from a variety of backgrounds, including firms of all sizes and individuals.