Engagement letters: Get the details right
For practitioners, there is one administrative burdent that never seems to go away. Drawing on AccountingWEB members' advice, Jennifer Adams offers some tips to minimise the pain.
Putting the words “engagement” and “letters” together is one sure way to elicit a groan from the accounting fraternity - as Mark Lee discovered when he discussed new engagement letter guidance from the profession’s regulatory bodies back in June.This article presents a checklist of points with relevant links to help you if you also have been lumbered with the task of producing (or reviewing) engagement letters.
Register and log in to AccountingWEB.co.uk for fuller explanations of these topics:
- Why bother?
- Practical suggestions
- Use the opportunity to review...
- Use software to save time
- How often to prepare?
Jennifer Adams FCIS TEP ATT is a freelance writer and author specialising in tax and company secretarial issues, and can be contacted at Abacus Business Solutions.