Engagement Letter For Accounting Services Template for United Arab Emirates

The Engagement Letter For Accounting Services is a crucial document used in the United Arab Emirates to formalize the professional relationship between accounting firms and their clients. It is typically initiated when a client requires professional accounting services and serves as the foundational agreement that governs the entire engagement. The document must comply with UAE Federal Law No. 12 of 2014 regulating the auditing profession, as well as other relevant UAE regulations and professional standards. The letter outlines essential elements including scope of services, fee structures, timelines, deliverables, and respective responsibilities of both parties. It also addresses important considerations such as confidentiality, data protection, and professional liability in accordance with UAE law. This document is particularly important in the UAE context as it helps ensure compliance with local regulatory requirements while protecting both the service provider and the client.

1. Letterhead and Date: Professional letterhead including firm details, address, and date of the letter

2. Client Address and Reference: Full name and address of the client, including any reference numbers

3. Salutation and Introduction: Formal greeting and introductory paragraph thanking the client for the opportunity and confirming the engagement

4. Scope of Services: Detailed description of the accounting services to be provided, including specific deliverables and any limitations

5. Professional Fees: Clear statement of fees, payment terms, and billing arrangements

6. Timeline and Deliverables: Expected timeframes for service delivery and key milestones

7. Client Responsibilities: Outline of information and assistance required from the client

8. Professional Standards: Statement of compliance with relevant professional standards and regulations

9. Confidentiality: Commitment to maintaining confidentiality of client information

10. Limitation of Liability: Clear statement of the firm's liability limitations in accordance with UAE law

11. Termination Provisions: Conditions and process for terminating the engagement

12. Acceptance and Signature: Space for client acknowledgment and signatures