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How much is it going to cost?

Martin Chapman, a Senior Manager in the Forensic and Investigation Services Team at Mazars LLP, discusses the difficulties in setting fees.

As the song says “the best things in life are free”. Unfortunately the best (and even the worst) forensic accountancy services are not. However, finding a suitable method for setting fees can be a difficult task in itself, as you want to ensure that you can give the best advice for an appropriate fee, while offering value for money to your client.

In the current economic climate, the setting of fees is crucial in winning work and the fee needs to be sufficient for you to deliver the correct advice. I often find the proposal stage of any assignment to be one of the most challenging stages to overcome.