AIA is one of the Civil Aviation Authority (CAA) approved Professional Accountancy Bodies under which AIA members can apply to be licensed under the ATOL Reporting Accountants' scheme.
If you want to act for your ATOL licence holders and submit ATOL Accountants’ Reports to CAA, you must be an ATOL Reporting Accountant.
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.
Registration with and licensing by AIA is open to members who:
The basic requirements are that:
In addition, the firm must demonstrate that:
The individual designated ATOL Reporting Accountant must be independent of the ATOL holder.
Under this agreement and in line with AIA’s regulations, AIA is responsible for granting rejecting or withdrawing a member’s ability to perform ATOL reporting. AIA can also impose restriction or conditions on a member.
AIA will use its own regulations, policies and procedures to determine whether a member has breached a provision of the AIA’s registration arrangement rules and the matter will be dealt with under the disciplinary arrangements. The professional body will determine whether a firm/designated ATOL reporting accountant is liable to disciplinary action under the professional body’s disciplinary arrangements if:
A firm must appoint a contact principal who will supply the AIA with information as required and provide an annual declaration to the professional body of the individual designated ATOL reporting accountant compliance with its responsibilities under the registration arrangement rules. This is in addition to the AIA’s annual return and practising renewal documents.
The ATOL reporting accountant must review and be familiar with Appendix A - Requirements for ATOL Reporting Accountants, which 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 ATOL. these documents can be found on the links below:
AAR Part 1 and Part 2 are available via the CAA online portal.
A designated ATOL reporting accountant must:
Under the ARA scheme, the firm should take responsibility for firm-wide elements including:
The individual designated ATOL reporting accountant will sign off ATOL reports.
Applications for registration are granted to members who meet the requirements explained on this webpage; if you believe your application has been rejected unfairly you can contact email@example.com to discuss your application at any time.