This agreement shall be between Almond Associates Services Ltd, hereafter referred to as (our company) and The client/business hereinafter referred to as (company/business).

Following our appointment, we set out below the basis on which we are to act and the respective areas of responsibility of the company/business and ourselves.

Book-keeping/Accountancy
As directors/owners of the company, you are responsible for maintaining proper accounting records. You are also responsible for making available to us, as and when required, all the company/business accounting records and all other records and related information, including minutes of all management meetings.

We have a responsibility to report to the Owners/Directors/Shareholders on the state of the financial statements/Accounts give a true and fair view of the state of the company/business affairs, and of the profit or loss for the period ended on that date.

In arriving at our opinion we require to consider the following matters and to report on any in respect of which are not satisfied:-

• Whether proper accounting records have been kept by the company/business

• Whether the company’s balance sheet, and profit and loss account are in agreement with the books of account and returns.

• Whether we have obtained all the information and explanations necessary for the purposes of our accounting, and:

We appreciate that the present size of your business renders it uneconomical to create a system of internal control based on the segregation of duties for different function within each area of the business.

In the running of your business, we understand that the directors/owners are closely involved with the control of the company/business transactions.

In planning and performing our duties we shall take account of this supervision. Furthermore, we may ask for confirmation in writing that all transactions undertaken by the company/business have been properly reflected and recorded in the accounting records and our work on your business financial statements may refer to this confirmation.

The responsibility for the prevention/detection of irregularities and fraud rest with yourselves.

We shall report to you any significant weaknesses in or observations on the company/business systems which come to our notice and which we think should be brought to your attention.