- Accountants clients old original documents code#
- Accountants clients old original documents professional#
If consent has been refused, then you must factor this into your decision on whether or not to accept appointment in the circumstances in line with paragraph R320.7A. You should then clarify with the client whether and why consent has been denied.
Accountants clients old original documents professional#
Where a prospective client refuses to provide their consent to the existing accountant to respond to the professional enquiry, you can expect to receive notice of this fact from the existing accountant. You should then consider whether there are any threats to the ethics fundamental principles and whether accepting the appointment would be appropriate in the circumstances. Where a prospective client refuses to provide consent to make a professional enquiry, you should ask why and carefully document the response.
Accountants clients old original documents code#
Such consent is required (preferably in writing) in order to adhere to the fundamental principle of confidentiality outlined in section 114 of the ICAEW Code of Ethics. You will usually require the consent of the prospective client in order to make a professional enquiry and the existing accountant usually requires consent in order to respond.
The same process applies if you are asked to undertake additional work relevant to the work of an existing accountant, unless the client provides acceptable reasons not to contact the existing accountant. Write to the existing accountant requesting disclosure of any issue or circumstance that might influence the decision to accept or decline the appointment (an example letter is provided in Appendix 1).Ask the prospective client to confirm the proposed change to the existing accountant and to authorise (preferably in writing) the existing accountant to cooperate with you and.Explain to the prospective client that you have a duty to communicate with the existing accountant and ask for their authority (preferably in writing) to do so.In broad terms, the professional enquiry process requires you to: The decision whether or not to accept appointment is your responsibility. This is a misnomer as the existing accountant does not have the authority to give or withhold ‘clearance’ or ‘permission’ to act. Professional enquiry is often referred to as ‘professional clearance’. This process is referred to as ‘professional enquiry’. This will enable you to make an informed decision whether or not it is appropriate to accept the appointment. Consider undertaking work that is complementary or additional to that of another accountant.Īn important part of this process is to communicate with the existing accountant (whether or not they are qualified) to establish the facts and circumstances behind the proposed change.Consider tendering for an engagement held by another accountant or.Are asked by a potential client to replace another accountant.
You must determine whether there are any reasons for not accepting an engagement when you:
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