Terms of Service
Agreement to Terms
These Terms of Service govern the professional relationship between Financial Center for Auditing Accounts and our clients. By engaging our services, you agree to comply with these terms and conditions. These terms are designed to ensure clarity, professionalism, and mutual understanding throughout our engagement.
Scope of Services
Financial Center for Auditing Accounts provides professional auditing and assurance services including financial statement audits, internal audits, compliance audits, risk assessment, due diligence, and specialized audit services. The specific scope of each engagement will be defined in a separate engagement letter detailing the nature, extent, and limitations of the services to be provided.
Professional Engagement
Our services are provided in accordance with:
- International Standards on Auditing (ISA) and applicable local regulations
- Professional codes of ethics and conduct
- Terms specified in the engagement letter for each specific assignment
Client Responsibilities
Clients engaging our services agree to:
- Provide complete, accurate, and timely information required for the audit
- Grant access to relevant personnel, records, and facilities
- Cooperate fully with our audit team and respond promptly to inquiries
Fees and Payment
Professional fees are based on the time, complexity, and resources required for each engagement. Fee structures will be outlined in the engagement letter. Payment terms typically require settlement within 30 days of invoice date unless otherwise agreed. Late payments may incur additional charges as specified in the engagement agreement.
Confidentiality
We maintain strict confidentiality of all client information in accordance with professional standards and legal requirements. Information obtained during an engagement will not be disclosed to third parties without client consent, except where required by law or regulatory authorities. This obligation continues beyond the termination of our professional relationship.
Limitation of Liability
Our liability is limited to the extent permitted by applicable law and professional regulations. While we exercise due professional care in all engagements, our responsibility is limited to services explicitly outlined in the engagement letter. Clients acknowledge that audit procedures provide reasonable, but not absolute, assurance.
Termination
Either party may terminate the engagement by providing written notice in accordance with the terms specified in the engagement letter. Upon termination, clients remain responsible for fees incurred up to the termination date. We reserve the right to retain work papers and documents as required by professional standards and applicable law.
Governing Law
These terms are governed by the laws of the State of Kuwait. Any disputes arising from our professional engagement shall be resolved in accordance with Kuwaiti law and jurisdiction. We encourage open communication to resolve any concerns amicably before pursuing formal dispute resolution.