Proposed fees
In determining the fees for our services, we have considered the nature, extent and timing of our planned audit procedures as described above. Our fee analysis has been reviewed with and agreed upon by management.
Our fees are estimated as follows:
Current period (budget) | Prior period (actual) | |
---|---|---|
Audit of the consolidated financial statements | $85,500 | $84,000 |
Audit of the Trust Fund Financial Statements | $4,400 | $4,300 |
Matters that could impact our fee
- The proposed fees outlined above are based on the assumptions described in the engagement letter. The critical assumptions, and factors that cause a change in our fees, include:
- − Significant changes in the nature or size of the operations of the Corporation beyond those contemplated in our planning processes
- − Changes in professional standards or requirements arising as a result of changes in professional standards or the interpretation thereof
- − Changes in the timing of our work