You have just acquired a new client and have discussed various services that you will perform for the client including the annual audit and preparation of corporate tax returns.What documentation should you obtain from the client in order to reduce any misunderstandings over the type of services being performed?

Question

Quizplus · Accepted Answer

An engagement letter is a formal agreement that outlines the scope of services to be provided, responsibilities, and terms, helping to prevent misunderstandings.

You Have Just Acquired a New Client and Have Discussed