FRC Ethical Standard: Acting for clients that regularly exceed fee percentage limits
Section 4 of the FRC’s Ethical Standards (paragraphs 4.42-4.55) sets limits on the proportion of total fee income that can be earned from an audit client – often referred to as ‘fee dependence’.
Issued: October 2017
Last reviewed: October 2017
Can we act for a client who regularly accounts for more than 10% of our fee and occasionally accounts for more than 15%?