Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

percentage basis fee

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 23, 2021 at 5:49 pm #632652
Noah098
Member
- Topics: 935
- Replies: 352
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
Keymaster
- Topics: 100
- Replies: 6789
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.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.