Small Companies Administrative Rescue Process (SCARP)
The Process Advisor (PA) must have the same qualifications for appointment as a liquidator has under the Companies Act 2014.
As with other insolvency procedures, the company’s existing Auditor or Accountant cannot act as a PA.
A PA should:
- give Revenue a Letter of Authority to act on behalf of the company in the SCARP process
- engage early
- provide as much information as is required by Revenue to assist in decision-making.