Professional Ethnics

This topic has 1 reply, 2 voices, and was last updated 11 years ago by yasir.

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March 24, 2015 at 9:34 am #238557
Yang
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Hi Sir. I have a question to clarify. Suppose that an audit firm earned income fee from their client that amounted to more than 15% of the audit firm’s turnover. Then is it possible to fall under the possibility of contingent fees, since on the surface, they have drawn high income fees, from the perspective of the public? Please advise.
March 25, 2015 at 4:48 am #238654
yasir
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well i dnt think so..contingent fee is somthing that is dependent on future outcome e.g a if a client ask firm to give them tax advice and the advisory fee would be dependent upon tax saved..
i think you are mixing both of these concepts..keep these seperate
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