What does the APESB say?
Most accountants and tax agents in Australia must comply with the APESB as a requirement to belong to their membership bodies. The key APESB standards that relate to engagements for tax services are:
- APES 220 Taxation Services
- APES 305 Terms of Engagement
APES 220 covers the obligations when providing taxation services. A mandatory requirement of the standard is that, "A member in Public Practice shall provide the Client with an appropriate statement in writing outlining the relevant terms of the...