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The Engagement Letter: Best Practices and Examples Logo aicpa

  Free |   AICPA |   Sep 2012 |   Auditing |   AICPA Store

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.

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Topics covered:
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Advanced
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Expert
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Advanced
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Expert
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Advanced
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Expert
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Advanced
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Expert
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Advanced
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Expert
  • Assurance: Technical: Audit, Foundational
  • Assurance: Technical: Audit, Intermediate
  • Assurance: Technical: Attestation, Foundational
  • Assurance: Technical: Attestation, Intermediate
  • Assurance: Technical: Review, Foundational
  • Assurance: Technical: Review, Intermediate
  • Assurance: Technical: Compilation, Foundational
  • Assurance: Technical: Compilation, Intermediate

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Save time and minimize risk with this essential and practical resource. This online tool gives you everything you need to quickly and accurately develop your engagement letters in accordance with applicable standards.

By downloading the sample engagement letters for easy mark up and customization, you'll save hours of planning time and minimize the risk of over-reliance on the prior year's engagement letter.

You'll get best practices to ensure the engagement letter is as effective as possible in documenting the terms of the engagement, and clear differentiation between required and optional content. The expert guidance makes this an essential resource for auditors making the transition to new auditing standards.

Illustrative examples are provided throughout so you can easily apply the recommendations for auditing, compilation, review, and certain attestation engagements.

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