What counterproposal did Supreme Audit and Consultancy Ltd. make to Bank All Ltd.?

Prepare for the Advanced CAMS-Audit Certification Exam with comprehensive flashcards, multiple-choice questions, hints, and explanations. Ensure success with our targeted study material!

The counterproposal made by Supreme Audit and Consultancy Ltd. to Bank All Ltd. involved suggesting double the initially proposed payment for the audit. This approach signals several important considerations in the negotiation process. By proposing a higher fee, Supreme Audit and Consultancy likely aimed to reflect the value of the services they would provide, possibly indicating the complexity or extensive resources required for the audit. It may also imply a confidence in their capability and the quality of their work, positioning themselves as a premium service provider in the audit sector.

Additionally, such a counterproposal could be a strategic move to open negotiations and set the stage for further discussions about the scope and depth of the audit. Instead of outright rejecting the initial terms, it allows for a dialogue about expectations, what the audit entails, and the monetary value associated with it, providing an opportunity for both parties to align their objectives better and find common ground. Recognizing the intricacies involved in the audit could explain why a higher price point might be warranted based on industry standards or specific requirements from Bank All Ltd.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy