As I coming up to my second year in practice, I wanted to check if I should reissue engagement letters to all clients, or as they are so detailed, can I just send an update letter with confirmation of this years fees for clients to acknowledge and sign?
Thanks,
Nicola.
NicolaGL
Replies (3)
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Engagement letters
Hi Nicola, As a matter of interest how long does it take you draw up your engagement letters?
Do you have a reminder solution in place to ensure nothing slips through the net?
Dean
Thank goodness!
Thanks Tevez. No different terms, so unless I need to tell them that I'm putting up their fees, I can just talk to them about important things!
Renewing engagement
THere is no need to reissue engagement letters unless you have taken on a task which was not on the original terms of engagement.You can spend too much time on compliance work to the detriment of your clients!!