This brochure is to confirm our understanding of the terms of our engagement and the nature and limitations of the services we provide to our clients.
Objectives, Scope and Output of the Engagement
This engagement will start as soon as you provide us with instructions. The professional services we will provide will be confirmed before we commence work.
If we agree to carry out additional services for you this will be discussed before commencement.
We will provide the professional services to you in accordance with the relevant professional and ethical standards issued by the Accounting Professional & Ethical Standards Board Limited (APESB).
No audit or review will be performed and, accordingly, no assurance will be expressed. Unless otherwise agreed, our engagement cannot be relied upon to disclose irregularities including fraud, other illegal acts and errors that may occur. However, we will inform you if we become aware of such matters. If we are providing audit services to you, we will send an audit specific engagement letter to you.
We disclaim any assumption of responsibility for any reliance on our professional services by any party other than those specified or agreed, and for any purpose other than that for which it was prepared. Where appropriate, our report will contain a disclaimer to this effect.
Unless otherwise agreed with you or required by law, our fees will be charged at a fee agreed prior to the commencement to work. If we do not have an agreed fee, then our charges will be calculated based on hourly charge rates for the duration of the engagement.
This fee arrangement may be subject to change if the following circumstances should occur:
There is a change to the scope of work
The information provided to us is of poor quality or disorganised
We bill our fees at the completion of the agreed work. If an engagement runs for longer than one month we will send a progress claim at the end of each month for the work completed to date.
You must provide us with complete, clear, accurate, meaningful and timely instructions, and all information and documents requested by us, or necessary for us to carry out the work you have engaged us to carry out.
You are required to arrange for reasonable access by us to relevant individuals and documents, and to be responsible for both the completeness and accuracy of the information supplied to us.
We will take all reasonable steps to keep confidential all confidential information you disclose to us as part of our engagement, except where you permit us to disclose it or where we are required to disclose it by law, by regulatory bodies, by our insurers or as part of a quality control review.
Our files may be subject to review as part of the quality control review program of CA ANZ which monitors compliance with professional standards by its members. By accepting our engagement you acknowledge that, if requested, our files relating to this engagement will be made available under this program. Should this occur, we will advise you.
We reserve the right, for the purpose of promotional activity, training or for similar business purpose, to mention that you are a client. As stated above we will not disclose any confidential information.
Where you disclose personal information regarding a third party (including your directors and employees), you confirm that you have complied with the Privacy Act 1998 (Cth), including that the personal information was lawfully collected, that you are entitled to disclose the personal information to us, and that we may use and disclose the personal information in the course of providing our services to you.
We will comply with the provisions of the Privacy Act 1988 (Cth) and the Australian Privacy Principles when processing personal data about you.
In order to carry out the services of this engagement and for related purposes such as updating and enhancing our client records, analysis for management purposes and statutory returns, legal and regulatory compliance and crime prevention we may obtain, process, use and disclose personal data about you.
We utilise cloud computing services provided by Xero, MYOB, CCH iFirm and Class Super. These systems utilise data centres in Australia (MYOB, CCH iFirm, Class Super) and the United States of America (Xero) where your data may be sent.
Limitation of Liability
We will provide our services with reasonable care and skill. Our liability to you is limited to losses, damages, costs and expenses directly caused by our negligence or wilful default.
Our liability may also be limited by a scheme approved under Professional Standards Legislation. Further information on schemes is available from the Professional Standards Councils’ website: http://www.psc.gov.au
Ownership of documents
All original documents that we obtain from you arising from the engagement remain your property. However, you agree that we may make a reasonable number of copies of the original documents for our records and to provide the services to you.
We retain all copyright in any document prepared by us during the course of carrying out the engagement for you, save for where the law specifically provides otherwise.
Insofar as we are permitted to do so by law or professional guidelines, we reserve the right to exercise a lien over all funds, documents and records in our possession relating to all engagements for you until all outstanding fees and disbursements are paid to us in full.
Acceptance of Terms
If you do not inform us that you disagree with the terms of our engagement and continue to instruct us to act for you, you accept that you are bound by these terms of engagement for this engagement and any future engagements between us, unless we advise you of any change.