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Engagement Letter

📝 Engagement Letter – Accounting & Auditing Lesson 📊 Learn about engagement letters in auditing and accounting. This lesson explains the purpose, contents, and importance of engagement letters in formalizing the relationship between auditors/accountants and their clients. 💡 Key Topics Covered: Definition of Engagement Letter – A formal written agreement outlining the terms of professional services Purpose of Engagement Letter: Clarifies the scope of work and responsibilities Reduces risk of misunderstandings or disputes Serves as legal documentation in case of disputes Key Contents of an Engagement Letter: Scope and objectives of the engagement Responsibilities of the auditor/accountant and the client Fees and billing arrangements Confidentiality clauses Limitations of liability Importance in Practice: Establishes professional boundaries and expectations Ensures compliance with auditing and accounting standards Enhances client trust and transparency Practical Example: Drafting an engagement letter for auditing a company’s financial statements 🎯 Who Should Watch: Accounting and auditing students Professional accountants and auditors Learners aiming to understand proper client engagement and compliance practices 📘 Learn With Manifested Publishers: Structured lessons, examples, and exercises designed to help learners excel in accounting, auditing, and professional ethics. 💻 Visit: www.manifestedpublishers.com 📞 Call/WhatsApp: +254 724 173 845 #EngagementLetter #AuditingLessons #AccountingEducation #ProfessionalEthics #ManifestedPublishers