Consultancy

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Definitions
Lowballing
Lowballing Auditor Independence Statutory Audits Non-Audit Services Consultancy Tax Advice Ethics in Auditing
An alleged practice where auditors reduce their fees for statutory audits to attract clients, intending to compensate through highly profitable non-audit services.
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Definitions
Non-Audit Services
Non-Audit Services Audit Firms Tax Advice Consultancy Auditor Independence Regulatory Returns Audit Fees Expertise
Additional services provided by audit firms to their clients beyond the traditional audit engagement, such as tax advice and consultancy. Debate exists regarding the impact of these services on auditor independence.
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Accounting Terms Lexicon

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