Audit Tendering & advertising p7

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Transcript

  • 1. Advertising
  • 2. Not reflect adversely on:
  • 3. Not reflect adversely on:• Member• ACCA• Profession
  • 4. Use of the ACCA logo
  • 5. Use of the ACCA logo• One partner/director must be ACCA• Separate from firms logo
  • 6. Fees
  • 7. Fees• Minimise possibility of disputes in future• Show basis of fees• Basis in letter of engagement
  • 8. Allowable basis
  • 9. Allowable basis• Hourly rates• Contingency fee only where it is generally accepted practice
  • 10. Introductory fees
  • 11. Introductory fees• Disclose to the client
  • 12. TenderingQuoting the fee before work starts
  • 13. Why old auditor steps down
  • 14. Why old auditor steps down• Ethical issues• Doubts over management integrity• Market segmentation• Disagreements• Fee level and payments• Resources & Competence• Overseas expansion
  • 15. Why old auditor steps down - worries
  • 16. Why old auditor steps down - worries• IC weakness• Accounting disagreements• Scope limitation• Illegalities
  • 17. Tenders - to consider
  • 18. Tenders - to consider• Ethics• Legalities• Commercial
  • 19. Tendering - information needed
  • 20. Tendering - information needed• What is wanted/expected• Timings• Interim?• Future plans• “Old auditor” problem
  • 21. Tendering - Document
  • 22. Tendering - Document• Brief outline of firm & services• Specialisms• Identify needs of prospective client• Outline of Audit Approach• Quality Control Procedures• Communications with Management• Timings• Key staff & Resources• Fees