Terms Of Engagement

This brochure, in electronic format, is to confirm our understanding of the terms of our

engagement and the nature and limitations of the services we will provide.

Purpose, Scope and Output of the Engagement

The firm will provide Taxation, Accounting and Management services which will be

conducted in accordance with the relevant professional and ethical standards issued by the

Accounting Professional & Ethical Standards Board Limited (APESB), and if applicable other

appropriate legislation. The extent of our procedures will be limited exclusively for this

purpose. As a result, no audit or review will be performed and, accordingly, no assurance

will be expressed. Our engagement cannot be relied upon to disclose irregularities including

fraud, other illegal acts and errors that may exist. However, we will inform you of any such

matters that come to our attention.

The engagement will include the operations and procedures of the Client as agreed.

Our professional services are conducted and if required, any appropriate documentation will

be prepared for distribution to the relevant specific organisation or party for the purpose

specified in the report or as agreed. We disclaim any assumption of responsibility for any

reliance on our professional services to any party other than as specified or agreed, and for

the purpose which it was prepared. Where appropriate, our report will contain a disclaimer

to this effect.


In conducting this engagement, information acquired by us in the course of the engagement

is subject to strict confidentiality requirements. That information will not be disclosed by us

to other parties except as required or allowed for by law, or with your express consent.

We wish to advise that our firm's system of quality control has been established and

maintained in accordance with the relevant APESB standard's. As a result, our files may be

subject to review as part of the quality control review program of Institute of Chartered

Accountants and Certified Practising Accountants which monitors compliance with

professional standards by its members. We advise you that by accepting our engagement

you acknowledge that, if requested, our files relating to this engagement will be made

available under this program. Should this occur, we will advise you.

Clients are responsible for the reliability, accuracy and completeness of the accounting

records, particulars and information provided and disclosure of all material and relevant

information. Clients are required to arrange for reasonable access by us to relevant

individuals and documents, and shall be responsible for both the completeness and accuracy

of the information supplied to us. Any advice given to the Client is only an opinion based on

our knowledge of the Client's particular circumstances.

In respect of taxation services we note a taxpayer is responsible under self assessment to

keep full and proper records in order to facilitate the preparation of a correct return. Whilst

the Commissioner of Taxation will accept claims made by a taxpayer in an income tax return

and issue a notice of assessment, usually without adjustment, the return may be subject to

Kendalls LMJ Chartered Accountants

later review. Under the taxation law such a review may take place within a period of up to

five (5) years after tax becomes due and payable under the assessment. Furthermore,

where there is fraud or evasion there is no time limit on amending the assessment.

Accordingly, you should check the return before it is signed to ensure that the information in

the return is accurate.

Where the application of a taxation law to your particular circumstances is uncertain you

also have the right to request a private ruling which will set out the Commissioner's opinion

about the way a taxation law applies, or would apply, to you in those circumstances. You

must provide a description of all of the facts (with supporting documentation) that are

relevant to your scheme or circumstances in your private ruling application. If there is any

material difference between the facts set out in the ruling and what you actually do the

private ruling is ineffective.

If you rely on a private ruling you have received, the Commissioner must administer the law

in the way set out in the ruling, unless it is found to be incorrect and applying the law

correctly would lead to a better outcome for you. Where you disagree with the decision in

the private ruling, or the Commissioner fails to issue such a ruling, you can lodge an

objection against the ruling if it relates to income tax, fuel tax credit or fringe benefits tax.

Your time limits in lodging an objection will depend on whether you are issued an

assessment for the matter (or period) covered by the private ruling.

Period of Engagement

This engagement will start upon acceptance of the terms of engagement by the Client in line

with this brochure. We will not deal with earlier periods unless the Client specifically asks us

to do so and we agree.


The fee arrangement is based on the expected amount of time and the level of staff required

to complete the taxation, accounting and management services as agreed. This fee

arrangement may be subject to change if the following circumstances should occur:-

    ·  Where information received was incorrect or incomplete

    ·  You request additional services

Fee invoices will be issued in line with a billing schedule advised to the Client.

Limitation of Liability

Our liability is limited by a scheme approved under Professional Standards Legislation.

Further information on the scheme is available from the Professional Standards Councils'

website: http://www.professionalstandardscouncil.gov.au.

Ownership of Documents

All original documents obtained from the client arising from the engagement shall remain

the property of the client. However, we reserve the right to make a reasonable number of

copies of the original documents for our records.

Our engagement will result in the production of various documents that are required

appropriate to the services requested. In certain circumstances this may include electronic

documents. Ownership of these documents will vest in you. All other documents produced

by us in respect of this engagement will remain the property of the firm.

Kendalls LMJ Chartered Accountants

The firm has a policy of exploring a legal right of lien over any client documents in our

possession in the event of a dispute. The firm has also established dispute resolution


Confirmation of Terms

Acceptance of our services in conjunction with this information brochure indicates that you

understand and accept the arrangements. This information will be effective for future

engagements unless we advise you of any change.


Phone : (02) 8843 0666

Ground Floor, Suite 106, 29-31 Solent Circuit, Baulkham Hills NSW 2153, Australia

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