SAOG14200 - Senior Accounting Officer Main duty: what is the main duty
The main duty of a Senior Accounting Officer (SAO) is to take reasonable steps to ensure that a qualifying company, see SAOG11000, establishes and maintains appropriate tax accounting arrangements.
This means, in particular, that the SAO must take reasonable steps to
- monitor the accounting arrangements of the company and
- identify any respects in which those arrangements are not appropriate tax accounting arrangements.
For guidance on appropriate tax accounting arrangements, see SAOG14300.
For guidance on reasonable steps, see SAOG14400.
FA09/SCH46/PARA1