The compliance landscape is constantly changing. Reviewing those changes and understanding how they affect your engagement letters is a huge task. As an OverSuite subscriber, we do that for you formally on a quarterly basis and ad-hoc as changes arise.
What did we review?
This quarter we have reviewed…
- Changes to the professional body regulations to understand their impact on the terms and conditions in your Engagement Letters;
- The scopes and service schedules to ensure no changes to legislation that impact these.
What has changed?
No Required Legislative Changes
There have been no changes to the professional body regulations or legislation that require an update to your letters, so this quarter there’s nothing we need you to do.
We have tidied up your Privacy Notice to eliminate a small amount of duplication however there’s no need to re-issue these to your existing clients. The following wording was removed since it is covered elsewhere:
Your information may from time to time be transferred and/or processed outside the EEA. This will only be done where [I/we] have confirmed that the country to which your data has been transferred provides a level of personal data protection comparable to that provided in European law.
New Service Schedules
As part of the review we have added new service schedules to your OverSuite library that have been in demand:
- LLP Accounts
- Company Strike Off
- Registration for Corporation Tax Return
What do you need to do?
The Privacy Notice changes were minor and don’t require you to do anything. Your letters will have been automatically updated so just continue to issue your letters as normal.
As there were no legislative changes this quarter, there is nothing we need you to do.
What if I have previously amended updated content?
Where you have made direct amendments to any statements that were updated, you can opt to retain your version or revert to the update.
Discover more about OverSuite
Learn how to reduce your risk and meet the highest compliance standards with our suite of Smart Engagement Letters that evolve with regulatory changes & auto-update in GoProposal for you.Discover More