CPA Engagement Letter Template for Ireland

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Key Requirements PROMPT example:

CPA Engagement Letter

"I need a CPA Engagement Letter for providing audit and tax advisory services to a medium-sized tech startup in Ireland, with services to commence in January 2025 and include specific provisions for handling cryptocurrency assets and international transactions."

Document background
A CPA Engagement Letter is a crucial document required before commencing any professional accounting services in Ireland. This document is used to formally establish the relationship between a Certified Public Accountant and their client, whether for audit, tax, advisory, or other professional services. The letter must comply with Irish regulatory requirements, including the Companies Act 2014, GDPR, and professional standards set by the Institute of Certified Public Accountants in Ireland. It typically includes detailed information about service scope, fees, timelines, responsibilities, and limitations, serving as both a legal agreement and a reference document for the engagement. The letter helps prevent misunderstandings and provides clarity on the nature and limitations of the services to be provided.
Suggested Sections

1. Letterhead and Date: CPA firm's official letterhead and current date

2. Client Address: Full name and address of the client

3. Salutation: Professional greeting to the appropriate client contact

4. Purpose of Engagement: Clear statement of the engagement's purpose and the services being offered

5. Scope of Services: Detailed description of specific services to be provided and any limitations

6. Professional Standards: Statement of adherence to relevant professional standards and regulations

7. Client Responsibilities: Outline of client's obligations and required cooperation

8. Fees and Payment Terms: Description of fee structure, billing arrangements, and payment terms

9. Timeline: Expected timeframes for service delivery and key milestones

10. Confidentiality and Data Protection: GDPR compliance and confidentiality commitments

11. Limitation of Liability: Professional liability limitations and disclaimers

12. Termination Provisions: Conditions and process for ending the engagement

13. Acceptance and Signature: Space for both parties to sign and date the agreement

Optional Sections

1. Tax Services Scope: Detailed section for tax-related services when tax work is included in the engagement

2. Audit Approach: Specific section describing audit methodology when the engagement includes audit services

3. Third Party Access: Terms for sharing information with third parties when relevant to the engagement

4. Dispute Resolution: Specific dispute resolution procedures when dealing with high-value engagements

5. Staff Assignment: Details of key team members for larger engagements requiring specific expertise

6. Electronic Communications: Specific terms regarding electronic communication and document sharing when relevant

7. Subsidiary Services: Additional terms for services to subsidiary companies when applicable

Suggested Schedules

1. Schedule A - Fee Schedule: Detailed breakdown of fees for different services and team members

2. Schedule B - Service Timeline: Detailed timeline of deliverables and key dates

3. Schedule C - Required Documentation: List of documents and information required from the client

4. Appendix 1 - Terms and Conditions: Standard terms and conditions of the CPA firm

5. Appendix 2 - Data Protection Agreement: Detailed GDPR compliance and data protection terms

6. Appendix 3 - Professional Standards: Reference to applicable professional standards and regulations

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

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Healthcare

Professional Services

Construction

Real Estate

Non-Profit

Education

Energy

Transportation

Agriculture

Hospitality

Media and Entertainment

Relevant Teams

Finance

Accounting

Treasury

Tax

Compliance

Legal

Executive Leadership

Board of Directors

Audit

Risk Management

Relevant Roles

Chief Financial Officer

Finance Director

Chief Executive Officer

Financial Controller

Accounting Manager

Tax Manager

Company Secretary

Managing Director

Business Owner

Finance Manager

Audit Manager

Treasury Manager

Compliance Officer

Board Member

Industries
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

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