Why do practitioners need to issue letter of engagement to new clients?
It is a requirement by professional bodies such as ACCA and ICEAW for members engaging new clients to confirm their engagement in writing. Below is an example of a letter of engagement for non-audit client. You may like to prepare separate appendixes for directors’ responsibilities, accountants and tax advisers’ responsibilities as these are standard documents for all engagements to shorten the length of the letter and be more presentable. Our ref: Date: The Directors Best Client Ltd Address 1 Postcode Country Dear Sirs, Best Client Limited We refer to our appointment as accountants and tax advisers for the company. This letter is to set out the basis on which we are engaged to assist you in the preparation of the annual financial statements of Best Client Limited, and the respective responsibilities of yourself as director and ourselves as accountants and tax advisers. Your responsibilities as Directors As directors of the company, you are responsible for ensuring that the company mai
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