Document background
The Forensic Accounting Engagement Letter is a critical document used when engaging professional forensic accounting services in Australia. It is typically utilized when there is a need for specialized financial investigation, whether for litigation support, fraud investigation, business valuations, or dispute resolution. The document establishes the framework for the engagement, incorporating requirements from Australian regulatory bodies, professional accounting standards, and relevant legislation. It defines the scope of work, methodologies to be employed, reporting requirements, and terms of service while ensuring compliance with Australian legal and professional standards. The letter is essential for protecting both the forensic accountant and the client by clearly documenting expectations, limitations, and obligations of all parties involved.
