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Discuss this websiteHow are fees determined?
Fees should reflect the nature and complexity of the work involved. Scope, responsibilities and the amount are agreed before work begins, not inferred from turnover alone.
Is an independent review the same as an audit?
No. They are different assurance engagements with different procedures and levels of assurance. The appropriate requirement depends on your organisation.
What should I prepare for an accounting enquiry?
Explain your entity type, reporting period, accounting system and the work you need. Have recent financial reports and details of outstanding obligations available.