1.     The fee for our audit, accounting and advisory services is based on the actual time spent evaluated at our charge out rates. The charge out rates are based on the scale rates approved by the Institute of Chartered Accountants of Nigeria. We have a system of cost budgeting as a basis of negotiating in advance the probable level of the fee that we shall charge for an assignment.

2.     The actual amount billed for an audit will obviously be determined by the quality of the books and records of accounts, the adequacy of the system of internal controls, the efficiency with which the client’s staff attends to any queries raised by the audit team and the speed with which information and documents are provided.

3.     It is our standard practice to visit a potential client and carry out a survey of its business operation and an evaluation of its accounting system to enable us determine the extent of our audit, the manpower requirement and to estimate the total hours we are likely to spend on the audit.
       
Our disbursements are expected to be fully reimbursed by clients.

4.     Our fee for consultancy work is negotiated on the basis of a proposal that is submitted to client after we have carried out a brief preliminary survey.