Engagement Terms

Engagement Terms

The basis on which we provide information and deliver work.

General information only

The content on this website is general information only. It is not personal financial, tax, legal, audit or financial-product advice, and it does not take account of your particular circumstances. You should not act on it without seeking advice specific to your situation.

Engagements are in writing

Any licensee reporting, client-money, tax, structuring or compliance work is performed only under a signed engagement with Local Knowledge Pty Ltd that sets out the scope, deliverables, limitations and fees. Nothing on this website creates an engagement or a client relationship on its own.

The statutory audit is independent

We prepare, reconcile and coordinate the financial statements and working papers behind your FS70/FS71 and ACL reporting, but we do not perform the statutory AFSL/ACL audit. That audit is arranged with an independent registered company auditor to preserve auditor independence. We do not sign the audit opinion, and we do not provide legal advice; where a matter is reserved to a lawyer or another qualified professional, we will say so and arrange it independently.

Reasonable assurance, not a guarantee

Reporting, reconciliation, controls and compliance-support work reduce risk to a reasonable level based on the records, evidence and scope agreed — they are not a guarantee of a particular outcome, that a lodgement, value or position will be accepted by every auditor or regulator, or that no breach can ever occur. Compliance requires ongoing governance; it is never “set and forget”.

Your responsibilities

The usefulness of any reporting, reconciliation or advice depends on the completeness and accuracy of the records, data and information you provide. You remain responsible for your own licence and compliance obligations, including maintaining contemporaneous records and meeting lodgement deadlines, except to the extent expressly agreed in an engagement.

Professional standards

Our work is performed in accordance with the applicable professional and ethical standards. Where a conflict or a matter reserved to a lawyer, a registered auditor or another qualified professional arises, we will decline the work or arrange it independently rather than compromise that standard.

Local Knowledge Financial ServicesLocal Knowledge Pty Ltd, part of the Local Knowledge group. Principal: Graham Chee, FCPA. Enquiries: [email protected].