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Fees and Disputes

The charging of professional fees should be in line with the fundamental principles enshrined in Section 4.9 of the ICPAU Code of Ethics. ICPAU issued general guidelines about professional fees charged by accountants. However, the actual fees charged remain a commercial matter between the accountant and the client. Rates charged are expected to be determined by several factors such as the perceived value of the service to be provided, time required to provide the service, and knowledge and level of experience required, among others. Whatever the consideration involved, the fees should remain competitive. Where a dispute regarding fees arises, it is advisable that the concerned parties consider having a discussion with the view of reaching an amicable settlement. If this fails, they could consider contacting on organisation such as courts of law which mediates commercial disputes.

Note that use of mediation services may be at a cost. Be aware that if you choose not to pay the member or agree on what to pay, a claim against you may be made in a court of law which you will need to defend. Members of the public should always request a letter of engagement that clearly sets out the services to be provided and the basis on which fees will be charged whenever they use the services of a CPA in Uganda.

Click here for the ICPAU Guidelines on Professional Fees.