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Overview of Question (Direct Transporters (New client/new engagement:…
Overview of Question
Direct Transporters
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Client does not want engagement letter:
Is engagement letter required?
New engagement
No financial reporting framework (precondition of audit)
Ethical considerations (CPC)
Contingent fee allowed (2,5%)?
Integrity of client
2,5% bribe?
Avoidance of import duties?
Reportable irregularity?
Competence
Locations?
Sufficient time?
Sufficient staff (complex areas)?
Sufficient experience (IT platforms)?
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Other considerations:
Fee recoverability
Dependent on contract with MakeaLot
CEO also involved with DT, might also not pay audit fee
(similar to MakeaLot)
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