The audit is for the general purpose of assessing the performance of management over the prior fiscal year and
not for the purpose of individual investor decisions. As such, no shareholder or investor should make any
personal decisions based solely on the audited consolidated financial statements. We have no knowledge of any
individual shareholder or investor concerns or intentions.
We will, as permitted by the Code of Ethics, provide additional services upon request, in areas such as taxation,
leadership and human resource management, communication, marketing, strategic planning, financial
management and technology consulting.
As part of our services, we may submit to you a memorandum containing suggestions for improvement of
existing systems of controls, accounting policies and procedures, and related matters that come to our attention
during the course of our work.
Our standard terms and conditions, listed below, form part of our mutual understanding of the terms of this
- C&W will use all reasonable efforts to complete, within any agreed-upon time
frame, the performance of the services described in the engagement letter to which these Terms and
Conditions are attached. However, C&W shall not be liable for failures or delays in performance that
arise from causes beyond our control, including the untimely performance by the Company of its
obligations as set out in the engagement letter.
Right to Terminate Services
- The Company may terminate the engagement upon 30 days written
notice. If this occurs, the Company shall pay for time and expenses incurred by C&W up to the
termination date, together with reasonable time and expenses incurred to bring the services to a close
in a prompt and orderly manner. Should the Company not fulfil its obligations as set out herein and in
the engagement letter, and in the event that the Company fails to remedy such default within 30 days
following receipt of notice from C&W to that effect, C&W may, upon written notification and without
prejudice to its other rights and resources, terminate provision of our services as described in the
engagement letter. In such case, C&W shall not be responsible for any loss, costs, expenses, or
damages resulting from such termination.
- If, subsequent to the date of this engagement letter, the Company requires significant
changes to the arrangements set forth in this engagement letter, the Company will be required to
agree to the change in scope of the engagement in writing, in a "Change Order" agreement. The
"Change Order" agreement will set forth the revised arrangements and scope of services to be
performed and any related additional fees associated.