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Audit Getting work p7
The document provides guidelines for accountants regarding advertisements and fees. Advertisements must not damage the reputation of the professional body, firm, or profession. They must not be misleading or disparage other firms' services. Fees should be disclosed upfront, reflect staff experience and work importance, and generally not be percentage- or contingency-based unless convention allows. Descriptions like "Chartered Accountants" can be used if over half partners are ACCA members and principals control over 51% of voting rights.
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Audit Getting work p7
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- 3. Adverts • must notbring into disrepute the professional body, the firm or the profession as a whole
- 4. Adverts • must notbring into disrepute the professional body, the firm or the profession as a whole • must not be misleading
- 5. Adverts • must notbring into disrepute the professional body, the firm or the profession as a whole • must not be misleading • must not discredit the services provided by other firms
- 6. Adverts • must notbring into disrepute the professional body, the firm or the profession as a whole • must not be misleading • must not discredit the services provided by other firms • must not break any locally-recognised codes of advertising practice.
- 7. Adverts • must notbring into disrepute the professional body, the firm or the profession as a whole • must not be misleading • must not discredit the services provided by other firms • must not break any locally-recognised codes of advertising practice.
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- 9. Adverts & Fees •must not be misleading
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- 39. descriptions • at least half the partners are ACCA members
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- 49. descriptions • at least half the partners are ACCA members • the principals control at least 51% of the voting rights under the partnership agreement.
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- 51. Fees • Fees shouldbe mentioned in the engagement letter
- 52. Fees • Fees shouldbe mentioned in the engagement letter • Fees should reflect the time and experience of staff used
- 53. Fees • Fees shouldbe mentioned in the engagement letter • Fees should reflect the time and experience of staff used • Fees should reflect the importance of the work to the client
- 54. Fees • Fees shouldbe mentioned in the engagement letter • Fees should reflect the time and experience of staff used • Fees should reflect the importance of the work to the client • Fees should not be based on a percentage or on contingency calculations, unless there is an established convention of doing so