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Does all income and expenditure need to be verified for the CFS?

April 26, 2017CFS expenditure income verified

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Does all income and expenditure need to be verified for the CFS?

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Reasonable steps should be taken to verify a client’s income and regular outgoings when preparing the CFS. The Office of Fair Trading (OFT) Debt management guidance section 2.28 states that income must be verified by appropriate means and reasonable steps should be taken to verify regular outgoings.