UK GDPR and Data Protection Act 2018: Primary legislation governing the processing, storage, and protection of personal data in the UK. Essential for defining data handling procedures in the engagement letter.
Companies Act 2006: Key legislation defining statutory requirements for company record-keeping and financial reporting obligations.
Money Laundering Regulations 2017: Regulations requiring due diligence procedures and reporting obligations for financial service providers, including bookkeepers.
Common Law of Contract: Fundamental principles of contract law in England and Wales that govern the formation and enforcement of the engagement letter.
Unfair Contract Terms Act 1977: Legislation controlling the use and enforcement of exclusion and limitation clauses in contracts.
Consumer Rights Act 2015: Legislation protecting consumer rights, relevant if the bookkeeping client is an individual rather than a business.
IFRS and UK GAAP: Financial reporting standards that must be referenced and adhered to in providing bookkeeping services.
Professional Body Requirements: Standards and guidelines set by professional bodies like ICAEW, AAT, and ACCA that govern professional conduct and service delivery.
Electronic Communications Act 2000: Legislation governing the validity of electronic communications and signatures in business transactions.
Privacy and Electronic Communications Regulations: Specific regulations governing electronic communications and marketing, relevant for client communications.
