All Countries
Corporate Governance
Engagement Letter For Accounting And Tax Services

Engagement Letter For Accounting And Tax Services Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Engagement Letter For Accounting And Tax Services

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Engagement Letter For Accounting And Tax Services

"I need an Engagement Letter for Accounting and Tax Services for my Hong Kong technology startup, focusing on monthly bookkeeping, year-end financial statements, and tax compliance services, with service commencement from January 2025."

Celebrated by
Collaborations with
Investors
Document background
The Engagement Letter For Accounting And Tax Services is a crucial document used in Hong Kong's professional services sector to formalize the relationship between accounting firms and their clients. It is required by professional standards and regulatory bodies, including the Hong Kong Institute of Certified Public Accountants (HKICPA), particularly when providing accounting, audit, and tax services. The document details the scope of work, professional fees, service standards, and mutual obligations while incorporating specific requirements under Hong Kong law, such as compliance with the Professional Accountants Ordinance, Anti-Money Laundering regulations, and data privacy laws. It serves as both a legal safeguard and a practical roadmap for the professional engagement.
Suggested Sections

1. Letter Header: Firm letterhead, date, and client address

2. Salutation: Formal greeting to the appropriate client contact

3. Introduction: Opening paragraph identifying the parties and purpose of the engagement

4. Scope of Services: Detailed description of accounting and tax services to be provided

5. Professional Standards: Reference to applicable professional standards and regulatory requirements

6. Client Responsibilities: Clear outline of client's obligations and required cooperation

7. Fees and Payment Terms: Fee structure, billing arrangements, and payment conditions

8. Timing and Deliverables: Timeline for service delivery and expected outputs

9. Confidentiality: Confidentiality obligations and data protection commitments

10. Document Retention: Policies regarding retention of client documents and working papers

11. Termination: Conditions and process for terminating the engagement

12. Acceptance: Signature blocks and acceptance confirmation

Optional Sections

1. Electronic Communications: Terms regarding use of email and electronic document transmission, include when significant electronic communication is expected

2. Third Party Access: Terms regarding sharing information with third parties, include when coordination with other advisors is anticipated

3. Dispute Resolution: Specific dispute resolution procedures, include for high-value or complex engagements

4. Staff Assignment: Details of key team members and their roles, include for larger engagements or when specifically requested

5. Limitation of Liability: Specific liability caps and limitations, include for high-risk engagements

6. Insurance Coverage: Details of professional indemnity insurance, include when requested or for high-value engagements

Suggested Schedules

1. Schedule A - Detailed Service Description: Comprehensive list and description of all services to be provided

2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and charging basis

3. Schedule C - Timeline and Deliverables: Specific deadlines and delivery schedule for various services

4. Appendix 1 - Standard Terms and Conditions: Firm's standard terms and conditions for professional services

5. Appendix 2 - Data Protection Policy: Detailed data handling and protection procedures

6. Appendix 3 - Required Client Information: Checklist of documents and information required from the client

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Scope of Services
Professional Fees
Payment Terms
Client Responsibilities
Confidentiality
Data Protection
Intellectual Property
Professional Standards
Regulatory Compliance
Service Delivery
Term and Termination
Liability Limitation
Force Majeure
Document Retention
Staff Assignment
Non-Solicitation
Dispute Resolution
Governing Law
Independence
Insurance
Anti-Money Laundering
Quality Control
Subcontracting
Notices
Assignment
Entire Agreement
Amendment
Severability
Third Party Rights
Electronic Communications
Relevant Industries

Professional Services

Financial Services

Manufacturing

Retail

Technology

Real Estate

Healthcare

Education

Hospitality

Construction

Import/Export

E-commerce

Non-profit Organizations

Small and Medium Enterprises

Relevant Teams

Legal

Finance

Accounting

Tax

Compliance

Treasury

Corporate Secretarial

Executive Management

Audit

Risk Management

Relevant Roles

Chief Financial Officer

Finance Director

Financial Controller

Tax Manager

Accounting Manager

Company Secretary

General Counsel

Legal Counsel

Compliance Officer

Finance Manager

Business Owner

Managing Director

CEO

Partner (Accounting Firm)

Director (Professional Services)

Head of Finance

Treasury Manager

Industries
Professional Accountants Ordinance (Cap. 50): Primary legislation governing the accounting profession in Hong Kong, including registration requirements and professional standards
Inland Revenue Ordinance (Cap. 112): Main legislation governing taxation in Hong Kong, relevant for tax service provisions and compliance requirements
Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615): Specifies AML obligations for accounting professionals when providing services
Personal Data (Privacy) Ordinance (Cap. 486): Regulates the handling and protection of personal data, crucial for managing client information
Code of Ethics for Professional Accountants: Professional standards issued by HKICPA governing ethical requirements and professional conduct
Business Registration Ordinance (Cap. 310): Relevant for ensuring compliance with business registration requirements
Companies Ordinance (Cap. 622): Relevant for accounting and reporting requirements when providing services to corporate clients
Professional Accountants By-laws (Cap. 50A): Detailed regulations governing professional conduct and practice requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Cover Letter With Internship Experience

A professional cover letter for the Hong Kong job market that emphasizes internship experiences and achievements while adhering to local business conventions and employment laws.

find out more

Engagement Letter Company Secretarial Services

A Hong Kong-governed engagement letter establishing terms for company secretarial services provision, including scope, fees, and compliance requirements.

find out more

Legal Divorce Agreement

A binding legal agreement under Hong Kong law that sets out the complete terms and conditions for divorce, including asset division, financial settlements, and child arrangements where applicable.

find out more

Competency Based Performance Review

A Hong Kong-compliant competency-based performance evaluation framework for systematic employee assessment and development planning.

find out more

Intern Non Disclosure Agreement

Hong Kong-compliant non-disclosure agreement template for interns, protecting company confidential information during internship assignments.

find out more

Bookkeeping Contract

A Hong Kong law-governed agreement for professional bookkeeping services, outlining service scope, obligations, and compliance requirements.

find out more

Reverse Waiver

A Hong Kong law-governed agreement that explicitly preserves specific rights and remedies while preventing their unintended waiver through conduct or implication.

find out more

Engagement Letter For Preparation Of Financial Statements

A Hong Kong law-governed engagement letter establishing terms for professional accounting services in financial statement preparation.

find out more

Engagement Letter For Accounting And Tax Services

A Hong Kong law-governed engagement letter establishing terms for accounting and tax services between a professional firm and its client.

find out more

Expert Engagement Letter

A Hong Kong law-governed letter agreement establishing terms for expert services, including scope, fees, and professional obligations.

find out more

Audit Engagement Withdrawal Letter

A formal letter compliant with Hong Kong regulations for auditors to withdraw from an audit engagement, outlining withdrawal terms and transition arrangements.

find out more

Audit Engagement Letter For Non Profit Organization

A Hong Kong-compliant engagement letter establishing terms between an audit firm and a non-profit organization for statutory audit services under HKSA requirements.

find out more

Audit Engagement Letter

A Hong Kong-compliant engagement letter establishing the terms and conditions for statutory audit services between an audit firm and its client.

find out more

Assurance Engagement Letter

A Hong Kong-compliant letter establishing terms and conditions for professional assurance services between a service provider and client.

find out more

Retainer Letter

A Hong Kong-governed professional engagement document that establishes the terms and conditions for ongoing service provision between a service provider and client.

find out more

Engagement Letter For Consulting Services

A Hong Kong law-governed letter establishing the terms and conditions of a consulting engagement between a consultant and client.

find out more

Audit Acceptance Letter

A formal letter issued by an audit firm in Hong Kong accepting appointment as statutory auditors, outlining engagement terms and conditions under Hong Kong law.

find out more

Letter Of Employment Verification

A formal document under Hong Kong law confirming an individual's employment status, position, and duration of service with a company.

find out more

Consulting Contract

Hong Kong-governed agreement establishing terms and conditions for consulting services between client and consultant.

find out more

Advisory Engagement Letter

A Hong Kong law-governed letter establishing the terms and conditions of a professional advisory relationship between an advisor and client.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.