Engagement Letters for Litigation Services - Forensic and Valuation Services (Formerly BVFLS) Services Practice Aid 04-1

This useful practice aid provides detailed guidance in easy-to-follow language to CPAs who provide litigation services as consultants, experts, or other roles. Practice Aid 04-1 contains many examples to help minimize misunderstandings and includes several sample engagement letters to illustrate communications for various engagements.

The step-by-step guidance on the content of communications includes –

• Terms of service
• Limitations on liability
• Ownership, use of materials, and attorney work product
• Billing and retainers
• Termination of service
• Issues of independence and conflicts of interest
• Dispute resolution provisions
• Other practical guidance

This practice aid supersedes Consulting Services Practice Aid 95-2, Communicating Understandings in Litigation Services: Engagement Letters