Subcontractor Agreement Icaew

Either of us may terminate this Agreement by setting a written deadline to the other party for at least 21 days, unless you are not working with us or we have reason to believe that you have provided us with misleading information or HMRC, in which case we may terminate this Agreement immediately. Termination is without prejudice to any rights that any of us had prior to termination. Outsourcing can allow the company to access a flexible overtime resource, without the need for a formal recruitment exercise and addressing labour law requirements. In return, it allows the subcontractor to escape the constraints of full-time employment. 20.1 In the unlikely event that we are unable to fulfil our obligations to you, you may be able to apply for a grant from the ICAEW Compensation Scheme. In general, grant applications must be submitted to ICAO within twelve months of the date of notification or should reasonably have been informed of the loss. For more information on the programme and the circumstances under which grants may be awarded, please visit the ICAO website: www.icaew.com/probate. We are bound by the ethical standards of the Institute of Chartered Accountants in England and Wales and accept instructions to act for you on the basis of which we act in accordance with those ethical standards. A copy of these policies can be found upon request in our offices or can be consulted www.icaew.com. We are not responsible for any loss, damage or cost resulting from compliance with legal or regulatory obligations. The Outsourcing – Acting as a Subcontractor help sheet provides a guide for the member who plans to act as a subcontractor for a company.

2.1 We comply with the Code of Ethics of the Institute of Chartered Accountants in England and Wales (ICAEW). The code is available on the ICAEW website under www.icaew.com where you should look for “ethics”. We accept instructions to act for you on the basis of which we act in accordance with the Code. Our court administrators must also comply with Part D of the Code. The Subcontracting Helpsheet deals with the circumstances in which you may employ a subcontractor and the responsibilities you have on you. 9.3 Upon request, we may indicate a fixed fee for the provision of certain services or an indicative margin for a given order. It is not our practice to identify fixed fees for more than one year in advance, as such fare offers must be checked in light of events. If, due to unforeseen circumstances, it turns out that an offer of fees is insufficient, we reserve the right to inform you of a changed number or range and obtain your consent. We may keep money on your behalf from time to time. These funds are held in trust in a customer bank account, separated from the company`s funds. The account is managed in accordance with the money rules of the clients of the Institute of Chartered Accountants in England and Wales and processes all funds. These rules are available on the ICAO website in www.icaew.com.

3.2 The professional rules applicable to audit work are the “audit rules and guidelines” which you can consult on www.icaew.com in collaboration with the International Standards on Auditing (UK and Ireland) www.frc.org.uk, where you should follow the links for the “codes and standards” applicable to auditing and assurance work. 6.4 In order for us to continue to provide you with a quality service, it is essential that you provide us, upon request, with relevant records and information, that you respond in a timely manner to correspondence and that you otherwise comply with the terms of the agreement between us, which are set out in these terms and conditions and the related letters of order. . . .