Puerto Rico Sample Letter for Finalization of Accounting
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How to fill out Sample Letter For Finalization Of Accounting?
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FAQ
An accounting engagement letter is a legally binding document outlining the scope, terms and conditions of a professional relationship between an accountant and a client. Both parties must sign and date the letter to be a binding arrangement.
Part 10), Section 10.33, Best Practices for Tax Advisors, states that a practitioner should communicate clearly with the client regarding the terms of the engagement; a signed engagement letter provides clarity and prevents scope creep.
Your engagement letter should clearly outline the services you will provide, in this case, bookkeeping, payroll, or any related service. Outline what the engagement is and when it will begin and end, and expected delivery dates of the work performed.
Dear [Client], We are pleased to confirm our engagement to provide [accounting / bookkeeping services] to your business, [Business Name]. The purpose of this letter is to outline the terms of our relationship and the services that we will be providing to you.
The introduction of your engagement letter has two purposes ? to lay out the purpose of the letter to the client, and to set the tone of the letter. The introduction doesn't need to be complicated. Simply state that the purpose of the letter is to document key components of the engagement such as scope and pricing.
Accounting engagement letters should include terms which limit the firm's liability as much as possible. Statements such as ?we will rely on the information provided by the client? or ?we will not audit or verify the information? are often included to show the scope of the project does not include auditing services.
