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percentage basis fee

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.

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August 23, 2021 at 5:49 pm #632652
Noah098
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maam in bibi &co why is there any problem with percentage basis fee arrangement for corporate finance services? Because the std states that contingent payments are allowed for non-audit services as long as the fees is not significant
August 24, 2021 at 7:25 am #632705
Kim Smith
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Bibi & Co? I think it depends what the corporate finance service is.
Since fee income is a matter of self-interest, perhaps a % based on the outcome increases the self-interest threat – and therefore the fee should rather be fixed.
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