Section 2.6 of the Financial Requirements for Licensing refers to the requirement to be able to provide management accounts to the BSA when requested.

What are management accounts?
Management Accounts are the licensee’s personal working accounts/records such as Trading Profit and Loss accounts and Balance Sheets.

Do management accounts need to be provided to the BSA?
No - Management Accounts need only be provided to BSA upon request.

If a Licensee is required to keep quarterly/half yearly accounts does their accountant need to prepare an Independent Review Report each quarter/six months?
No - An Independent Review Report is only required at the time of application for a new licence, at the time of renewal of an existing licence, upon request to increase the Allowable Annual Turnover or on a BSA compliance audit.

Is a licensee able to produce the management accounts themselves?
Yes - If the licensee has the capability.