The Ministry of Economy and Commerce has issued a unified contract to be signed between legal accountant and their clients for providing chartered account services.
The initiative comes within the framework of the Ministry of Economy and Commerce’s efforts to improve the services offered by accountants to clients, and to raise awareness among accounting offices and customers about the legal rights and duties of chartered accountants.
The initiative aims to provide an electronic, uniform contract for the provision of accounting services and the establishment of a legal framework for the contractual relationship between accountants and their clients.
The initiative also aims to educate clients about the main provisions that should be included in the contract for the provision of accounting services, as well as to ensure the compliance of the terms of the contract between accounting offices and clients with the provisions of Law No 30 of 2004, which regulates the audit profession.
The agreement stipulates that the chartered accountants shall set their fees in agreement with the client. The fees shall be written in numerals and letters and paid as follows: 50 per cent upon signing the contract while the remaining 50 per cent shall be paid at the end of the contract period.
