Jack
02-11-2010, 02:03 PM
In Wales. :devil:
All clubs wishing to gain the licence will also have to undergo a full audit by independent auditors to meet the financial criteria. The full audit means that the FAW has a true, up-to-date and independently assessed state of a club's accounts. This change followed a recommendation from the accountants on the decision making body and allows the FAW to gain an opinion from an auditor as to whether the club can continue as a going concern for the season to be licensed.
"The finances of football clubs is a hot topic throughout Europe and this improved level of assessment means that the FAW can have reassurances about the finances of clubs, during increasingly difficult times" concluded the FAW.
Do the SFA/SPL/SFL have to reapply for their licence to participate each year? Without going into the detail, which I’ve not seen, do the Scotch Fitba Authorities have the same financial requirements (ish)?
All clubs wishing to gain the licence will also have to undergo a full audit by independent auditors to meet the financial criteria. The full audit means that the FAW has a true, up-to-date and independently assessed state of a club's accounts. This change followed a recommendation from the accountants on the decision making body and allows the FAW to gain an opinion from an auditor as to whether the club can continue as a going concern for the season to be licensed.
"The finances of football clubs is a hot topic throughout Europe and this improved level of assessment means that the FAW can have reassurances about the finances of clubs, during increasingly difficult times" concluded the FAW.
Do the SFA/SPL/SFL have to reapply for their licence to participate each year? Without going into the detail, which I’ve not seen, do the Scotch Fitba Authorities have the same financial requirements (ish)?