Agreed-upon Procedures Engagement Performed in Respect of an Application by a Legal Practitioner Firm for a Refund of Bank Charges and Audit Fees

The agreed-upon procedures (AUP) report to be used for legal practitioners’ applications for a refund of bank charges and audit fees has been published on the SAICA website.

The Legal Practitioners Fidelity Fund (LPFF) published a directive on 1 November 2023, available on:
https://www.fidfund.co.za/wp-content/uploads/2023/11/LPFF-Directive.pdf.

It prescribes the utilisation of this AUP report from 1 November 2023 on the following link:
https://saicawebprstorage.blob.core.windows.net/uploads/Agreed-Upon-Procedures-Engagement-Performed-In-Respect-Of-An-Application-By-A-Legal-Practitioner-Firm-For-A-Refund-Of-Bank-Charges-And-Audit-Fees.pdf

Until such time as the application form is updated to reflect the guidance in the LPFF directive, auditors are advised to cross out the ‘Certificate by Auditor’ section on the application form and to refer to the AUP report attached to the application form.

Refer to the communication from the LPFF, which contains transitional arrangements that were in place until 15 November 2023, and is available on:
(https://www.fidfund.co.za/wp-content/uploads/2023/11/Communication-LPFF-directive-AUP-report-on-Application-for-refund-of-bank-charges-and-audit-fees-form.pdf)