Scope of Services
The scope of services we provide are as follows:
- Preparation of the company/trust/partnership/sole trader financial statements and the required IRD returns from the information and records supplied. You accept responsibility for the accuracy and completeness of all these records and information. If you fail to provide the required information to enable the completion of the tax returns by the due date you accept that you may be removed from our IRD tax agency list.
- This engagement will be performed in accordance with the Service Engagement Standard No.2: Compilation of Financial Information issued by the Chartered Accountants Australia and New Zealand (CAANZ) and that special purpose financial statements will be prepared, intended only for the use of the owners, governing body and income tax purposes. It is our responsibility to complete your assignments with a high level of quality and in a timely manner.
- All information provided by you will be treated as confidential and we will not reveal that information unless we are required by law or CAANZ to do so or you request that information be supplied to a third party.
- The financial statements will be prepared at your request and for your purposes only and we will not be liable for any losses, claims or demands by any third person and that our work cannot be relied on to detect error or fraud or other irregularities. In accordance with these instructions, you understand that we will attach the following Disclaimer of Liability to our financial statements:
Disclaimer of Liability – We have compiled the financial information based on information provided to us which has not been subject to an audit or review engagement. Accordingly, neither we, nor any of our employees accept any responsibility for the reliability, accuracy or completeness of the compiled financial information nor do we accept any liability of any kind whatsoever, including liability by reason of negligence, to any person for losses incurred as a result of placing reliance on the compiled financial information. - Completion of statutory or other requirements if needed e.g. Companies Office returns, registers and resolutions.
- In the event that we need to consult with a tax specialist for an opinion, you accept that our liability is limited to the work we undertake, and we are not responsible for any consequences arising from acting on the specialist’s advice.
- If permitted by law and not prohibited by professional standards or guidelines we may exercise a general lien over all the books, records and related documents in our possession for the purposes of performing professional services until all outstanding fees have been paid. You acknowledge that working papers prepared by us in relation to the engagement are our property, but we will make these available if it is essential to your future accounting.
Fees Basis
Our fees are based on the degree of responsibility, experience and skill involved and time spent on your work. Our hourly charges are exclusive of GST and are billed usually at the completion of the assignment.
The fees will be paid by the 20th of the month following date of invoice. Any collection costs we incur will be fully recoverable from you.
Conflict of Interest
We will inform you if we become aware of any conflict of interest in our relationship with you or in our relationship with you and another client.
Non-Compliance with Laws and Regulations
We will comply with the by-laws, regulations and ethical guidelines of CAANZ and the New Zealand Institute of Chartered Accountants (NZICA). This includes the NZICA Code of Ethics, which among other things contains provisions that apply if we become aware of any actual or potential ‘non-compliance with governing laws or regulations’ (NOCLAR). Where any such non-compliance poses substantial harm (such as serious adverse consequences to investors, creditors, employees, or the public), we may be required to disclose the matter to an appropriate authority.
Disputes and Complaints
If you have any concerns about our costs or services, please speak to the principal. To resolve your concerns, we will use best endeavours to resolve a complaint or dispute to the mutual satisfaction of the parties involved. We may require you to detail your complaint in writing to allow us to fully investigate any concerns that you raise.
Identity Verification
Our engagement by you is subject to us carrying out Customer Due Diligence (CDD) in accordance with the legal requirements of New Zealand’s Anti-Money Laundering and Countering Financing Act of Terrorism Act 2009.