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The lawyer should send a disengagement letter to establish that the relationship is no longer continuing, and to refer the client to another lawyer. In the disengagement letter, the lawyer should warn the client of applicable time limitations, deadlines, and uncompleted investigation or casework.
The letter may be signed any time from the date of the report and the report is issued. However, because it is an important piece of evidence supporting an audit opinion, the letter of representation should be signed before the report is issued (AICPA's SOC 1 Guide 4.189).
engagement letter informs prospective clients that the attorney will not be representing them. Lawyers prepare this type of correspondence to clarify and document the status of the relationship.
A ?rep? letter is the audit teams' formal evidence that management understands their responsibilities and that management has performed all of their responsibilities.
Thank you for selecting _________________________ to represent you with respect to ____________________________________________. This letter will confirm our recent discussion regarding the scope and terms of this engagement. Our firm has agreed to represent you in this lawsuit. I personally will supervise the case.
The Board and Management need to sign and return the Engagement Letter to our office before we may commence the work. The Representation Letter is issued with the draft audit and is required by auditing standards to finalize the audit.
Make it clear. When writing an engagement letter, clarity is key. While it's important to be specific and provide detail, avoid unnecessary legal jargon. Keep the letter succinct when possible to ensure it's as straightforward as possible for clients.
Thank you for consulting ________(Firm Name)__________ in conjunction with your _________________________. The confidence you have placed in this office by consulting us is appreciated. Regrettably, we cannot assist you in this matter due to a conflict of interest.