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Fee percentage limits

Technical helpsheet on limits set by the FRC Ethical Standard 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: January 2020

This helpsheet has been issued by ICAEW’s Technical Advisory Service to help ICAEW members determine whether or not they can continue to act for audited entities whose fees have exceeded the limits set out in the FRC Ethical Standard.