Document background
The Forensic Accounting Engagement Letter is a crucial document used when initiating specialized investigative accounting services in Nigeria. It serves as the formal agreement between a forensic accounting firm and a client seeking professional services for financial investigations, fraud detection, litigation support, or dispute resolution. The document must comply with Nigerian legislation, including the Institute of Chartered Accountants of Nigeria Act, the Evidence Act 2011, and relevant financial regulations. It's particularly important in cases involving corporate fraud, financial misstatement investigations, asset tracing, or when forensic accounting expertise is required for legal proceedings. The letter establishes clear expectations regarding scope, methodology, deliverables, and professional fees while ensuring proper handling of sensitive financial information and potential evidence.
