|
ACCEPTANCE
CRITERIA:
|
LEAST-MOST
1 – 5
|
|
1.
Client appears to present high ethical
standards. |
|
|
|
2.
Client possesses growth
potential. |
|
|
|
3.
Client requires or is expected to require
varied services provided by
firm. |
|
|
|
4.
Client possesses adequate accounting and
internal control systems necessary to
gather the information required for the
services we are to
provide. |
|
|
|
5.
Client is adequately
capitalized. |
|
|
|
6.
Client's contacts are such that we would
expect exposure to other quality
clients. |
|
|
|
7.
Client does not expose us to any unusual
degree of legal
exposure. |
|
|
|
8.
Client is agreeable to the firm's billing
rates and
terms. |
|
|
|
9.
Client appears accepting and appreciative
of professional
services. |
|
|
|
10.
Client is well-informed about his
business and the industry in which it
operates. |
|
|
|
TOTAL
RANKING |
|
|
|
MAXIMUM = 50 POINTS
ACCEPTANCE CUT-OFF = 35
POINTS
|
|
ADDITIONAL
CRITERIA TO CONSIDER:
|
|
|
Do we possess the expertise necessary to
perform the
engagement? |
Yes |
|
No |
|
|
Do we possess the staffing required to
complete the
engagement? |
Yes |
No |
|
Are we aware of any disagreement between
the potential client and their previous
accounting firm regarding accounting principles,
tax issues, or
fees? |
Yes |
No |
|
If yes,
describe: |
|
|
|
|
|
|
|
|
Are you aware of any potential conflicts
of interest with other current
clients? |
|
|
|
|
|
|
|
|
List below members of our firm and
possible relationships that may cause an
independence
problem.
|
|
FIRM
MEMBER |
POSSIBLE
INDEPENDENCE
ISSUE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONCLUSION: |
|
|
|
|
|
We should accept
|
|
or not
accept |
|
the
engagement. |
|
|
|
|
|
|
|
ENGAGEMENT
PARTNER: |
|
|
|
MANAGING
PARTNER: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
