These terms and conditions should be read alongside the privacy notice.
Introduction
These terms and conditions set out the general terms under which we undertake our business. The specific
conditions relating to particular assignments will be covered in a separate letter/letters of engagement.
Applicable law
This engagement letter, the schedule of services and our standard terms and conditions of business are
governed by, and should be construed in accordance with, the law and practice of English and Wales/Scotland/
Northern Ireland. Each party agrees that the Courts of English and Wales/ Scotland/Northern Ireland will have
exclusive jurisdiction in relation to any claim, dispute or difference concerning this engagement letter and any
matter arising from it. Each party irrevocably waives any right to object to any action being brought in those
Courts, to claim that the action has been brought in an inappropriate forum, or to claim that those courts do not
have jurisdiction.
Authorisation and registration
Shah & Co (Accountants) Ltd are registered with the Association of Chartered Certified Accountants as
chartered certified accountants and can be found on the register of members at
http://members.accaglobal.com/en/find-an-accountant.
We are registered as auditors by the ACCA in the UK and details of our registration can be found at
www.auditregister.org.uk under registration number 18491238 or at http://members.accaglobal.com/en/find-anaccountant.
Client identification and verification
As with other professional services firms, we are required to identify and verify our clients for the purposes of
the UK anti-money laundering legislation. Save in exceptional circumstances we cannot start work until this
requirement has been met. We may request from you, and retain, such information and documentation as we
require for these purposes and/or make searches of appropriate databases including ID verification software.
Client monies
We may, from time to time, hold money on your behalf. Such money will be held in trust in a client bank
account, which is segregated from the firm's funds. The account will be operated, and all funds dealt with, in
accordance with the Clients' Monies Rules of the Association of Chartered Certified Accountants. These rules
can be found on the ACCA website at http://www.accaglobal.com/en.html.
We will return monies held on your behalf promptly as soon as there is no longer any reason to retain those
funds. If any funds remain in our client account that are unclaimed and the client to which they relate has
remained untraced for five years or we as a firm cease to practise then we may pay those monies to a registered
charity.
Fees paid by you in advance for professional work to be performed and clearly identifiable as such shall not be
regarded as clients' monies.
Commissions and other benefits
In some circumstances we may receive commissions and/or other benefits for introductions to other
professionals or in respect of transactions which we arrange for you. Where this happens, we will notify you in
writing of the amount and terms of payment and receipt of any such commissions or benefits. The same will
apply where the payment is made to or transactions are arranged by a person or business connected with ours.
The fees you would otherwise pay will not be reduced by the amount of the commissions or benefits.
Confidentiality
Communication between us is confidential. We shall take all reasonable steps not to disclose your information
except where we are required to and as set out in our privacy notice. Unless we are authorised by you to
disclose information on your behalf this undertaking will apply during and after this engagement.
