Professional Liability Resources
Our Philosophy
Engagement Letters provide Accountants and CPAs with essential protective wording for your practice. In addition, they allow you the opportunity to market additional services and ultimately create a stronger relationship with your clients.
Engagement letters should be utilized for all services and include:
– Outline scope of services
– Clarify all timelines
– Disclose all fees
– Include services not provided
– Include mediation language
Protective Wording
A good percentage of professional liability claims arise because the client assumed that the accountant was providing a greater breadth of services than they were actually engaged to. A thorough engagement letter can be the basis of defense in responding to such an allegation. This is also why engagement letters should not only include those services that you have been engaged for, but outline those services that you are specifically not providing.
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Engagement Letters provide you with essential protective wording for your practice.