Although tax engagement letters are often the topic of discussion in professional journals and presentations, in many situations CPAs neglect to use this tax management tool. As a result, the ...

Ask any claim professional, defense counsel, or expert: Engagement letters are one of the best defensive tools a CPA can possess. In fact, in the event of a dispute, one of the first documents ...

In many cases, the letter isn't signed by an individual accountant but instead is signed by the accounting firm as a whole. Many audit firms require the client to sign a copy of the engagement ...

If the scope of the engagement changes, it should be restated in a signed engagement letter. “The CPA may be talking to a dependent rather than the initial client,” observed Fennell. “The engagement ...

Also sometimes included are relevant financial and accounting regulations to which the auditors must adhere. A good audit engagement letter also recognizes that not all clients are familiar with ...