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Finance & AccountingAccounting

Engagement Letter

This Engagement Letter template outlines the terms and conditions under which an accounting firm will provide services to a client. It should be used before commencing any new client engagement to ensure mutual understanding and agreement.

Updated 15d ago
engagement letteraccountingprofessional servicesclient agreementterms and conditionsSouthern Africa

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Engagement Letter

Engagement Letter

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date:

{{date}}

Client Name and Address:

{{client_name}}

{{client_address}}

Introduction:

This letter confirms our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide. Our services will be conducted in accordance with the professional standards relevant to our practice in Southern Africa. We may update these terms from time to time, and any changes will be communicated to you in writing.

Scope of Services:

We will provide the following services to {{client_name}}:

1. {{service_1_description}}

2. {{service_2_description}}

3. {{service_3_description}}

Any additional services requested by you and agreed upon by us will be covered by a separate agreement or an addendum to this letter.

Our Responsibilities:

We will perform our services with due professional care and in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) as applicable in South Africa. We will also comply with relevant ethical requirements and professional standards.

Client Responsibilities:

You agree to provide us with accurate and complete information necessary for us to perform the services. You also agree to make available all financial records, documents, and other information we may require. You are responsible for the safeguarding of assets, the prevention and detection of fraud, and for the overall management of your business.

Fees and Payment Terms:

Our fees for the services outlined in this letter will be {{fee_basis}} (e.g., an hourly rate of {{hourly_rate}} or a fixed fee of {{fixed_fee_amount}}). We will bill you {{billing_frequency}} (e.g., monthly, quarterly) and payments are due within {{payment_terms_days}} days of the invoice date. Late payments may incur interest at {{interest_rate}}% per annum.

Confidentiality:

We will treat all information we obtain during the course of our engagement as confidential, subject to legal or professional obligations to disclose.

Term and Termination:

This engagement will commence on {{start_date}} and will continue until terminated by either party with {{notice_period}} days written notice. Upon termination, you will be liable for all fees and expenses incurred up to the date of termination.

Governing Law:

This agreement shall be governed by and construed in accordance with the laws of {{country}}.

Acceptance:

Please confirm your agreement to the terms of this engagement letter by signing and dating a copy of this letter in the space provided below and returning it to us.

Signature Block:

Yours sincerely,

-------------------------

{{firm_name}}

{{firm_representative_name}}

{{firm_representative_title}}

Acknowledged and Agreed:

-------------------------

{{client_name}}

{{client_representative_name}}

{{client_representative_title}}

Date: {{acceptance_date}}

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