Client Engagement Form

This Terms of Engagement for Public Accounting Services (TE) confirms our understanding of the engagement and the nature and limitations of services provided.

This TE will commence at the time you indicate acceptance and will continue until revoked by us or you on a months notice and or the conclusion of the scope of work output.

• We will provide you with professional accounting services in compliance with APES Standard 110 Code of Ethics (Code), including:
• accounting services in accordance with APES Standard 110 Code of Ethics, bookkeeping services,
• taxation services in accordance with APES Standard 220 Taxation Services and the Code of Professional Conduct pursuant to Tax Agent Services Act 2009,
• auditing and assurance services in accordance with APES 210 Conformity with Audit & Accounting Standards and AASB Australian Auditin Standards,
• management accounting services & management consulting,
• forensic accounting services in accordance with APES Standard 215 Forensic Accounting Services,
• valuation services in accordance with APES Standard 225 Valuation Services
• transactional accounting,
• financial reporting activities in accordance with APES 205 Standard Conformity with Accounting Standards,
• compilation engagements in accordance with APES 315 Standard Compilation of Financial Information or other as specified
• Corporate secretarial services

We will provide you with the following output as requested any or all of Bookkeeping, Tax, Financial and management accounting requirements and Business Advisory and Trust Audits and NFP Audits within the agreed time framesWe will provide the scope of work output within the specified timeframe or within a reasonable period considering the context of the services.Unless otherwise specified in this TE or letter of engagement, audit and assurance or review are not included in this engagement.

We will perform procedures (guided by the APES suite of standards) required that are directly related to the engagement consistent with our Fundamental Principles of integrity, objectivity, professional competence and due care, confidentiality, professional behaviour, and identifying, avoiding and dealing with conflicts of interests.

We will seek to understand your requirements and provide you services confidentially and professionally.

We will document sufficient and appropriate records of the procedures performed for the TE, which may be subject to quality review by CPA Australia under APES 320 Quality Control for Firms.

We are obliged to consider whether our clients create any threats to compliance with our Fundamental Principles and where we cannot reduce the risk to an acceptable level we are obliged to cease the TE under the Code (section 320) to decline or cease the client engagement.

We have a duty to act in your best interests, unless this duty is inconsistent with our duty to act in the public interest.

If this TE involves taxation services, we will inform you:

(a)of your (or your employer’s) rights and obligations available under
taxation law, including any rights that might be available to seek a
private ruling and the lodging of objections and appeals against
adverse positions adopted by revenue authorities

(b)of any possible penalties and other legal tax consequences to enable
you to make an informed decision.

If the TE includes financial reporting, we have a duty to identify non-compliance that may materially impact your business’s financial integrity. We will first discuss our concerns with you, your internal auditor, management or governance office holders. We may also decide, based on the imminence of a breach likely to cause substantial harm to third parties including the public, to notify a regulatory authority without raising our concerns with you first.

We are responsible for maintaining records for a period of five years unless otherwise required by legislation.

You are responsible for full disclosure of all relevant information.

You are responsible for your own record keeping relating to your affairs.

You provided us with all relevant records relating to your affairs.

You are responsible for the reliability, accuracy and completeness of the
particulars and information provided to us, and, if the TE includes financial reporting, the accounting records and disclosures of all material and relevant information provided to us. Accordingly, any advice given to you is only an opinion based on our knowledge or your particular circumstances.

You are responsible for retaining paperwork for as long as legally required.

If the TE includes taxation services:

(a)you have obligations under self-assessment to keep full and proper records in order to facilitate the preparation of accurate returns

(b)you must retain paperwork for a period of five years after the assessment as you may be subject to an Australian Taxation Office review

(c)you are responsible for checking the assessment before submission to
ensure accuracy.

We may from time to time engage third party specialist professionals and other public practitioners, where warranted to obtain the advice you need or to assist us to provide our service to you. These may include cloud service providers and outsourced service providers.

We will seek your consent if third party involvement is likely to exceed the fixed price (if applicable).

If the engagement involves the use of trust monies, we will manage those funds in accordance with APES 310 Dealing with Client Monies.

Our professional fees will be calculated on a fixed fee or per hour basis which will be specified in the letter of engagement and or agreed with client.

Our invoices may also include disbursements paid by us. These may include photocopying charges, telephone and facsimile transmission charges, travel fares and expenses, stamp duty and fees paid to third parties such as couriers, registration fees or fees for other professionals. These may be in addition to the fixed price (if applicable).

Unless other payment terms are agreed, each invoice is payable within 30 days of receipt.

You own all original materials given to us.

We own all materials produced by us that resulted from our skill and attention to the extent that the materials produced by us incorporate any original materials you give to us.

We may exercise a lien of your documents in our possession in the event of a dispute, which will be handled in accordance with our firm’s dispute resolution process.

Subject to the payment of all outstanding professional fees and disbursements owing to us, we will provide you with materials produced by us for you in the event you engage the services of another practitioner and the materials are required by your new practitioner.

Our collection use and disclosure of your personal information (PI) may be subject to the Privacy Act 1988 (Cth) and accordingly, we will only collect PI about you that relates to the TE. We may disclose PI about you with your implied consent for the primary purpose of this TE or to third parties by express consent or as required by law. This PI may be stored overseas in dropbox. If you would like to access any PI we might hold about you contact us on 0410900771

We may collect PI about you, your representatives, your clients and others when we provide services to you. If we do, you agree to work with us to ensure that we both meet our respective obligations under the Privacy Act 1988 (Cth). Your obligations may include ensuring your privacy policy and contracts include a reference to your collection practices, how you will use the PI and that you may disclosure the PI to an agent for public accounting services.

Where an outsourced service requires the disclosure of PI to an overseas recipient, we will take reasonable steps to ensure, by contract or otherwise, the recipient complies with the Australian Privacy Principles.

We have an ethical duty of confidentiality, which means we must not share or disclose your details of this TE to anyone without your consent unless required to by law.

We hold professional indemnity insurance of at least the minimum amount prescribed in the CPA Australia Ltd By-Laws or as required by law. Our PII cover at the time of this TE is .

We participate in the CPA Australia Ltd Professional Standards Scheme (Scheme), which facilitates the improvement of professional standards to protect consumers and may limit our liability to you in a cause of action.

The Scheme applies to professional accounting services including accounting, bookkeeping, taxation, auditing and assurance, insolvency and corporate reconstruction, management accounting, management consulting, forensic accounting, valuation services.