He certainly should have, but I would not presume it. It might be a side deal between the parents and child which they have not told the accountant about.
So I would just check to make sure that the accountant has been informed and has factored it in.
we did tell the accountant and he has factored it in. Thanks everyone for your responses. I have been told over the phone by the bank that it is a 'no'. We have written to the bank to get an official response.