Terms of engagement

Last updated: 2026

1. Scope

We perform the services described in the written engagement letter. Work outside that scope is only carried out after you have approved it in writing. Where the engagement letter and these terms conflict, the engagement letter takes precedence.

2. Your responsibilities

You are responsible for the completeness and accuracy of the information and documents you provide, and for delivering them by the agreed dates. We may rely on that information without independent verification unless the engagement letter says otherwise. Delayed material may make a statutory deadline impossible to meet.

3. Our responsibilities

We perform the work with the professional care expected of an authorised Norwegian accounting firm, apply current legislation and practice, and inform you where a position carries identifiable risk. Advice is given on the facts presented and the rules in force at the time.

4. Advice and third parties

Written advice is prepared for you and for the purpose stated. It may not be relied on by third parties or used for another purpose without our written agreement.

5. Fees

Fees are set out in the engagement letter, either as a fixed amount for a defined scope or on a time basis at agreed rates. Disbursements are charged at cost. Invoices are normally issued monthly with fourteen days' payment terms. Late payment interest accrues at the statutory rate.

6. Confidentiality

We keep all client information confidential, subject to our statutory reporting duties, including obligations under anti-money-laundering legislation. Personal data is processed as described in the privacy policy.

7. Liability

We are liable for direct loss caused by negligence in performing the engagement. We are not liable for indirect loss, including lost profit, nor for loss arising from incomplete or inaccurate information supplied to us. Total liability per engagement is limited to the amount stated in the engagement letter, and is covered by professional indemnity insurance.

8. Term and termination

Either party may terminate with one month's written notice. Work performed up to termination is invoiced as normal. On termination we hand over your material and cooperate with an incoming adviser, subject to settlement of outstanding invoices and to statutory retention requirements.

9. Governing law

These terms are governed by Norwegian law. Disputes are subject to the ordinary Norwegian courts, with Bergen District Court as the agreed venue, unless we both agree to mediation first.