Accounting Services Agreements in General

Agreements with accounting firms are commission agreements regarding provision of accounting services to the client. The agreement specifies the services purchased by the principal or client. The agreement also determines the price of the services as well as the contract term. The agreements often refer to the limitations of liability applied by the relevant accounting firm. The client should be aware of the content of such limitations of liability.

Currently, many accounting firms initially strive to map the customer’s needs and requirements. This may also provide the client with an opportunity to observe the service provider’s skill and operating methods.

The Finnish Financial Management Association has adopted in 2020 The Good Practice Guidelines for the financial management services Industry (The Finnish Financial Management Association’s Industry standard “TAL-STA), which are binding on the association’s members forms and also provide ethical guidelines for firms in the accounting services industry. The association has also published the TAL 2023 Accounting Services Contract, containing general contract terms for the accounting services industry.