Document background
The Accounting Retainer Agreement is essential for establishing long-term professional accounting service relationships in Australia. It is typically used when a client requires ongoing accounting services rather than one-off engagements. The document ensures compliance with Australian regulatory requirements while protecting both parties' interests. It covers critical aspects such as service scope, fees, professional obligations, confidentiality, and liability limitations. The agreement is particularly important for maintaining clear expectations and professional standards in ongoing accounting relationships, incorporating requirements from various Australian legislative frameworks including the Corporations Act 2001, Tax Agent Services Act, and Professional Standards Legislation. This type of agreement is commonly used by accounting firms of all sizes and is adaptable to various client types, from small businesses to large corporations.
