Highlights
Task:
Task 1
Part a) Provide two reasons as to why establishing and maintaining effective communicative relationships with your clients is important. (2 marks)
[Type your answer here – use as much space as you need]
Part b) Determine roles and responsibilities of the following members of the accounting and tax profession according to business needs:
Part c) The following list of activities fall outside an accountant’s and bookkeeper’s role. Refer your client to networks of individuals for advice and services on carrying out the below:(2 marks)
i) Verifying the accuracy of financial reports
ii) Advice on investments, superannuation, insurance and mortgages
iii) Advice on system requirements and set up costs associated with the purchase and
installation of accounting software
iv) Savings and loan functions
Part d) Using the additional information provided with this assessment, document the outcomes of the meeting in the form of a ‘Letter of Engagement’. The letter should include the details of any decisions made and actions required as a result of the meeting.
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