Ch 5. Obtaining professional work

Question 1

Advertising (4)

Answer 1

• Must not bring disrepute to the ACCA
• Discredit services offered by others
• Be misleading
• Fall short of any advertising codes

Question 2

Fees (3)

Answer 2

• Basis of calculating fees be pre-agreed and mentioned in engagement letter to avoid contention.
• Fees charged should be based on seniority, expertise, time spent, overheads and risk
• Contingency fees should be avoided except customary (e.g. insolvency work).