In the defense of a professional liability claim, CPAs should know the critical role played by engagement letters. Engagement letters help define the scope of services, manage client expectations, ...

Working with a money professional requires much more than simply turning over your records to a financial advisor with a Midas touch. Rather, the relationship between a financial advisor and you, the ...

Failure to advise clients (or providing improper advice) is the most frequent cause of claims in the AICPA Professional Liability Insurance Program. Often, these disputes are a result of ...

Companies often hire investment bankers for capital fund-raising and M&A activities, and these investment bankers can be very valuable partners. In order to expedite the process and ensure that ...

An engagement letter for auditing serves several purposes. For both the auditor and the client, it identifies the scope of work to be performed, the timeline in which it will be provided, the ...

Is it surprising that a disgruntled client sued Bob for legal malpractice? After all, Bob has been consistent—he always makes mistakes and his clients always bear the brunt of these mistakes. At least ...

CPA-focused liability insurance provider Camico has released the 10th edition of its book, the “CPA’s Guide to Effective Engagement Letters.” The book, which was written by senior staff members of ...

Engagement letters may be viewed as merely administrative items, which sometimes results in attorneys giving them little thought. However, a well-prepared engagement letter can a singularly strong ...

The American Institute of CPAs has developed a new online practice aid that provides customizable sample letters and expert commentary to guide accounting professionals as they lay out terms and ...

Once an estate planner overcomes the hurdle of ethical considerations such as whether joint representation is permissible and whether it is advisable, the use of engagement letters can help set ...