Compilation of annual financial statements by an Independent Person(s)

Our fee estimates are based on the size of your scheme but may vary depending on the state of the accounting records and supporting vouchers.
It is primarily the Trustees’ responsibility to compile annual financial statements which fairly present the Body Corporate’s financial position at the end of the book year, as well as the results of operations and cash flow information for the book year. We use various independent person/s to prepare the annual financial statements from information provided to them by the Trustees and in accordance with IFRS principles applicable to the Body Corporate. Although they may examine the accounting records, as well as make certain enquiries, this will be for purposes of enabling them to adequately prepare the annual financial statements alone, and therefore does not fall outside the description of their appointment. Independent person/s cost will be paid out of our fees quoted. However, where complications arise and extra work needs to be carried out in the performance of our duties, our fees will then be calculated on the basis of the time spent on your affairs by the partners and personnel. Except when agreed otherwise, our fees will be billed separately for each main type of work mentioned above, and accounts will be sent to you at appropriate intervals during the course of the year.

Fees for conducting annual audit.

Our fees for the preparation of the annual audit report will be dependent on the number of units of the client. In order to obtain our formal engagement letter with fee estimate, please send the following details to us:
1. Full name of the client and whether it is a body corporate/company/homeowners’ association etc.
2. Number of units
3. Yearend month
Please send the above via email or call us to send you an engagement letter within 24 hours.