Skip to content

Ask the Tutor ACCA AA

network firm

Former userFormer user5y ago

[Content removed at user request]

KimKimTutor5y ago#1
NOT subsidiary/associate relations as in shareholdings - an audit FIRM, like most LAW firms, are partnerships. Network firm - A firm or entity that belongs to a network. Network - A larger structure: (a) That is aimed at co-operation; and (b) That is clearly aimed at profit or cost sharing or shares common ownership, control or management, common quality control policies and procedures, common business strategy, the use of a common brand-name, or a significant part of professional resources.
Sign into reply to this topic.