It doesn’t matter what is stated on your fee invoices. It’s more important what is in your working papers and correspondence files. True or False?
The answer is ‘False’.
The best advice is to make sure your fee notes match the scope of the engagement as embellishment could result in fraud risks.
To find out more about the latest best practice in avoiding negligence claims, go see our online webinar entitled How Best can Accountants’ Avoid Negligence Claims? where you may download the slides and support materials, all for just €45. On successful completion, receive a CPD certificate for your newly acquired knowledge. Well done!
The webinar, which may be viewed anytime for up to a year from date of purchase, covers the following areas:
- Recent cases against accountants;
- Where do claims commonly arise;
- Areas of greater risk for accountants;
- Avoiding claims;
- What if scenarios – 4 different scenarios;
- What to do if a claim/incident occurs; and
- Action plan to avoid claims in the future.
All our webinars are accessible at any time (for 12 months from date of purchase) here.
We have also prepared, ready to use, several engagement and representation letter templates (in Word format) for many types of assignment, which help reduce misunderstandings about engagement scope and liability. These are available to purchase online (bulk purchases of 5 or more templates attract a 20% discount), please click on the relevant links.
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