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Engagement Letter Accounting
1. Letter Header: Firm letterhead, date, and client address
2. Salutation: Professional greeting to the appropriate client contact
3. Introduction: Opening paragraph confirming the engagement and thanking the client for choosing the firm
4. Scope of Services: Detailed description of the accounting services to be provided, including specific deliverables
5. Client Responsibilities: Clear outline of what is expected from the client, including provision of information and documentation
6. Professional Fees: Fee structure, billing arrangements, and payment terms
7. Timeline: Expected timeframes for service delivery and key deadlines
8. Confidentiality: Commitments regarding data protection and confidential information handling
9. Terms and Conditions: Reference to standard terms and conditions, including liability limitations
10. Acceptance: Instructions for confirming acceptance of the engagement
1. Team Structure: Description of key team members and their roles - include for larger engagements or when specifically requested
2. Quality Control: Description of firm's quality control procedures - include for larger clients or regulated entities
3. Conflict Resolution: Specific procedures for handling disputes - include for high-value or complex engagements
4. Service Level Agreements: Specific performance metrics and response times - include when requested by client
5. Termination Provisions: Detailed termination procedures - include for ongoing or complex engagements
6. Insurance Coverage: Details of professional indemnity insurance - include when requested or for high-risk engagements
1. Schedule A - Detailed Service Description: Comprehensive list and description of all services to be provided
2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and charging structure
3. Schedule C - Standard Terms and Conditions: Firm's standard terms and conditions for accounting services
4. Appendix 1 - Required Documentation: List of documents and information required from the client
5. Appendix 2 - Data Processing Agreement: GDPR-compliant data processing terms and conditions
6. Appendix 3 - Key Contacts: Contact information for key team members and client representatives
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