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Engagement Letter For Accounting Services
"I need an Engagement Letter for Accounting Services for my Hong Kong tech startup, covering monthly bookkeeping, tax preparation, and payroll services for our 50-person team, with service commencement from March 1, 2025."
1. Letterhead and Date: Professional firm's letterhead including firm name, address, and contact details, followed by the date
2. Client Address Block: Full name and address of the client
3. Salutation: Formal greeting to the appropriate client contact
4. Introduction: Opening paragraph identifying the parties and confirming the engagement
5. Scope of Services: Detailed description of the accounting services to be provided
6. Professional Standards: Confirmation of adherence to HKICPA standards and relevant professional requirements
7. Client Responsibilities: Clear outline of what is expected from the client, including provision of information and documentation
8. Fees and Payment Terms: Fee structure, billing arrangements, and payment terms
9. Timing and Deliverables: Expected timeframes for service delivery and key deliverables
10. Confidentiality: Commitments regarding confidentiality and data protection
11. Limitation of Liability: Clear statement of the firm's liability limitations
12. Termination: Conditions and process for terminating the engagement
13. Acceptance: Instructions for accepting the engagement and signature blocks
1. Anti-Money Laundering Compliance: Required when services involve financial transactions or company secretarial work
2. Third Party Access: Include when other parties (like auditors or regulators) may need access to working papers
3. Electronic Communications: Include when significant electronic communication or cloud services will be used
4. Staff Assignment: Include when specific staff members will be assigned to the engagement
5. Dispute Resolution: Include for high-value or complex engagements where specific dispute resolution procedures are needed
6. Insurance Coverage: Include when specific professional indemnity insurance details are required by the client
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 methodology
3. Schedule C - Required Documentation: List of documents and information the client needs to provide
4. Appendix 1 - Standard Terms and Conditions: Firm's standard terms and conditions for professional services
5. Appendix 2 - Data Protection Policy: Detailed policy regarding handling of client data and personal information
6. Appendix 3 - Key Personnel: Details of key team members and their roles (if applicable)
Authors
Engagement
Engagement Letter
Fees
Professional Standards
HKICPA
Working Papers
Confidential Information
Deliverables
Business Day
Client Materials
Personal Data
Force Majeure Event
Intellectual Property Rights
Professional Team
Reporting Period
Service Provider
Client
Authorized Representative
Applicable Laws
Regulatory Requirements
Engagement Partner
Professional Fees
Scope of Work
Term
Termination Date
Working Hours
Records
Financial Statements
Accounting Records
Governing Law
Jurisdiction
Data Protection Laws
Professional Indemnity Insurance
Affiliates
Professional Standards
Fees and Payment
Client Responsibilities
Confidentiality
Data Protection
Intellectual Property
Professional Liability
Limitation of Liability
Force Majeure
Termination
Assignment
Dispute Resolution
Anti-Money Laundering
Professional Indemnity
Service Delivery
Document Retention
Staff and Resources
Electronic Communications
Third-Party Rights
Governing Law
Entire Agreement
Notices
Amendments
Severability
Professional Team
Conflicts of Interest
Insurance
Representations and Warranties
Financial Services
Professional Services
Manufacturing
Retail
Technology
Real Estate
Healthcare
Education
Hospitality
Construction
Import/Export
Logistics
Non-profit Organizations
Entertainment
Energy
Finance
Accounting
Corporate Secretarial
Tax
Treasury
Compliance
Risk Management
Senior Management
Board of Directors
Internal Audit
Chief Financial Officer
Financial Controller
Finance Director
Accountant
Financial Manager
Company Director
Company Secretary
Chief Executive Officer
Tax Manager
Audit Manager
Treasury Manager
Finance Operations Manager
Compliance Officer
Risk Manager
Business Owner
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