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The manner in which we offer professional services
is governed both by English law and by the professional requirements of the
Association of Chartered Certified
Accountants.
As with all other professional services, a
letter of engagement is entered into ,whereby we set out in writing what service
we are going to offer you and on what basis. A sample
letter of engagement is attached.
The letter of engagement will set out the
services we have agreed to offer, ( and will possibly set out explicitly those
services which we are not offering),
the basis upon which we offer those services, and the conditions which
you the client have agreed to observe.
It will also set out the remedies you may
have if we fail in any way to honour our commitments, and it will set out
clearly the basis upon which our fees are to be paid. It will also make clear
what remedies we may have if you fail to honour your side of the agreement.
Prospective clients are invited to read the sample
letter of engagement. We can then discuss the specific requirements at the
first consultation.
It should be remembered that the standard
letter is only indicative and no formal contract will exist between us until a
specific letter of engagement has been agreed.
If a prospective client is a limited
company, then we will normally ask the directors to sign a personal guarantee to cover our fees if the
company should be unable to pay our fees.
Last updated 14/12/02