The Engagement Letter: Best Practices and Examples

The Engagement Letter: Best Practices and Examples tool provides guidance on developing engagement letters in accordance with applicable AICPA Professional Standards. Offered in a convenient and efficient online format, subscribers to this tool can download the sample engagement letters for easy mark up and customization. With the added automation, practitioners will save hours of planning time and minimize the risk of overreliance on the prior year’s engagement letter.

The AICPA anticipates making updates to this tool to incorporate future changes in AICPA Professional Standards and best practice recommendations, as necessary. Illustrative engagement letters for Service Organizations engagements are now available.

Supplemented with best practice recommendations, this engagement letter tool helps your firm be as efficient and effective as possible in clearly documenting the terms of the engagement. With the more explicit requirements applicable to engagement letters established by the new clarified auditing standards, this tool is an essential resource for auditors making the transition to the new auditing standards. Illustrative examples are provided throughout so practitioners can easily apply the requirements and recommendations for auditing, compilation, review, and certain attestation engagements.

To provide you with the most useful and comprehensive look at effective engagement letter techniques and methods, The Engagement Letter: Best Practices and Examples provides clear, expert guidance within each chapter that clearly differentiates required content of engagement letters from optional content used to further enhance the effectiveness of the engagement letter in documenting the understanding with the client. Following the narrative guidance, there are exhibits with sample engagement letters illustrating the practical application of the guidance contained herein.

Developed by subject matter experts, The Engagement Letter: Best Practices and Examples is brought to you by the organization you trust to deliver the tools you need.