Adapt and survive

Article Abstract:

The General Practitioner Board (GPB) of the Institute of Chartered Accountants in England and Wales has published a report that identifies the pressures that affect chartered accountants who would rather serve smaller practices. The report is intended to help anticipate the future prospects of general practitioners (GPs) and will be used to determine the GPB's agenda in the medium term. One of the report's most important conclusions are that GPs should be regarded as specialists in their own right since they possess unique skills that other accountants may not have or need. Consequently, the report suggests that GP training should be more closely focused on areas which are likely to be useful in their work. The report also concludes that the abolition of the small audit requirement will change the nature of a GP's service, shifting it more in the direction of being a financial strategist.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Accounting Services Regulation, Management, Accounting and auditing, Small business, Accounting services, Accounting law

---

Members Handbook Statement 1.210: Fees

Article Abstract:

The Institute of Chartered Accountants in England and Wales' (ICAEW) Members Handbook Statement 1.210, 'Fees,' provides guidance to practicing members, affiliates and, where appropriate, employees of practicing firms on charging for their services. The Statement clarifies that the ICAEW has been advised that it is legal for members to charge fees for specific work agreed upon with the client, for those calculated based on the agreement with the client and for those calculated based on the custom of the profession. The Statement also requires members to inform potential clients of their fees and the basis for their calculation before undertaking any engagement. Members should also furnish clients with a written explanation of the preparation of the fee account.

Standards, Professional fees

---

Similar abstracts:

• Abstracts: Reliance Private Label Supplements Non-GE Lecithin Granules. Reliance Private Label Supplements Dietary Supplements
• Abstracts: Antidepressants and criminal behavior. 'Volunteers wanted for trial of new drug'. Over-the-counter statins?
• Abstracts: Parliament and Whitehall: Bribery investigations. Lien lessons. What's it all about?
• Abstracts: Sarbox hell. UK builds up Sarbox defences. A view from America
• Abstracts: Intra-industry effects of earnings restatements due to accounting irregularities. Accruals management to achieve earnings benchmarks: a comparison of pre-managed profit and loss firms

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.