Forensic Accounting Engagement Letter Template for Ireland

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Key Requirements PROMPT example:

Forensic Accounting Engagement Letter

"I need a Forensic Accounting Engagement Letter for investigating suspected financial fraud in our Dublin-based technology subsidiary, with specific focus on transactions between January 2025 and June 2025, including potential expert witness services if criminal proceedings arise."

Document background
The Forensic Accounting Engagement Letter is a crucial document used when engaging professional forensic accounting services in Ireland. It is typically employed when organizations or individuals require specialized financial investigation services, such as fraud investigations, litigation support, or complex financial disputes. The letter establishes the professional relationship between the forensic accounting firm and the client, detailing the scope of work, methodology, deliverables, and terms of engagement while ensuring compliance with Irish regulatory requirements, including the Companies Act 2014, Data Protection Act 2018, and professional accounting standards. This document serves as the foundational agreement that protects both parties' interests and sets clear expectations for the forensic accounting engagement.
Suggested Sections

1. Letter Header: Professional letterhead, date, and recipient's details

2. Engagement Overview: Brief introduction stating the purpose of the letter and confirmation of the engagement

3. Scope of Services: Detailed description of the forensic accounting services to be provided, including specific areas of investigation

4. Investigation Approach: Methodology to be used, including data collection, analysis procedures, and investigation techniques

5. Deliverables: Description of reports, documentation, and other outputs to be provided

6. Timeline: Expected duration and key milestones of the engagement

7. Professional Fees: Fee structure, billing arrangements, and payment terms

8. Team Structure: Key personnel involved and their roles in the investigation

9. Confidentiality: Confidentiality obligations and handling of sensitive information

10. Professional Standards: Commitment to relevant professional standards and regulatory requirements

11. Terms and Conditions: Standard terms including liability limitations and termination provisions

12. Acceptance: Signature blocks and acceptance confirmation

Optional Sections

1. Expert Witness Services: Additional terms regarding court appearances and expert testimony, included when litigation is anticipated

2. Third Party Access: Terms regarding sharing of information with third parties, included when other professionals or regulators need to be involved

3. Conflict Resolution: Specific dispute resolution procedures, included for high-risk or complex engagements

4. Insurance Coverage: Details of professional indemnity insurance, included for high-value investigations

5. Data Protection Protocols: Specific data handling and protection measures, included when dealing with sensitive personal data

6. International Considerations: Additional terms for cross-border investigations, included when multiple jurisdictions are involved

Suggested Schedules

1. Schedule A - Detailed Scope of Work: Comprehensive breakdown of specific investigation areas and procedures

2. Schedule B - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms

3. Schedule C - Team Qualifications: CVs and qualifications of key team members

4. Schedule D - Document Requirements: List of required documents and information needed for the investigation

5. Schedule E - Investigation Timeline: Detailed project plan with specific milestones and deadlines

6. Appendix 1 - Standard Terms and Conditions: Detailed terms and conditions of the engagement

7. Appendix 2 - Data Handling Protocols: Specific procedures for handling and securing sensitive data

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

Banking

Insurance

Manufacturing

Retail

Technology

Healthcare

Construction

Professional Services

Public Sector

Real Estate

Energy

Telecommunications

Non-Profit Organizations

Education

Relevant Teams

Legal

Finance

Compliance

Internal Audit

Risk Management

Corporate Security

Executive Leadership

Board of Directors

Treasury

Corporate Governance

Relevant Roles

Chief Financial Officer

Finance Director

Compliance Officer

Internal Audit Manager

Risk Manager

Legal Counsel

Company Secretary

Chief Executive Officer

Board Director

Forensic Accountant

Audit Partner

Investigation Manager

Financial Controller

Corporate Security Officer

Head of Internal Controls

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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