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Engagement Letter For Preparation Of Financial Statements
"I need an Engagement Letter For Preparation Of Financial Statements for my Singapore-based technology startup, with special emphasis on SFRS for Small Entities compliance and including additional advisory services for our planned Series A funding in March 2025."
1. Addressee Details: Full name and address of the client entity including date and reference number
2. Scope of Services: Detailed description of financial statement preparation services to be provided, including applicable accounting standards and reporting periods
3. Professional Standards Reference: Statement of applicable professional standards being followed, including SSRS 4410 and relevant SFRS requirements
4. Management Responsibilities: Clear outline of client's responsibilities including provision of accurate information, internal controls, and compliance with applicable laws
5. Our Responsibilities: Detailed description of the firm's responsibilities in preparing the financial statements and limitations of the engagement
6. Fee Structure: Details of fees, payment terms, billing arrangements and basis for fee calculations
7. Confidentiality Commitment: Statement regarding confidentiality obligations and compliance with PDPA requirements
8. Acknowledgment: Signature blocks for client acceptance and acknowledgment of terms
1. Additional Services: Description of any additional services beyond basic financial statement preparation, such as advisory services or specific regulatory reporting
2. Specific Regulatory Requirements: Reference to specific regulatory frameworks for regulated industries or listed companies
3. Third Party Access: Terms regarding sharing of information with third parties or regulators when required
4. Limitation of Liability: Specific clauses limiting the firm's liability where permitted by law
1. Fee Schedule: Detailed breakdown of fees, charging structure, and payment terms
2. Service Timeline: Expected timeline for service delivery and key milestones for the engagement
3. Required Information List: Comprehensive list of documents and information required from client for financial statement preparation
4. Standard Terms and Conditions: Detailed terms and conditions governing the engagement relationship
Authors
Financial Statements
Reporting Period
Services
Engagement Letter
Professional Standards
SFRS
ACRA
Confidential Information
Deliverables
Working Papers
Engagement Team
Professional Fees
Material Information
Client Records
Accounting Records
Engagement Partner
Applicable Financial Reporting Framework
Management
Those Charged with Governance
Compiled Financial Information
Engagement Period
Force Majeure Events
Business Day
Governing Law
Professional Standards
Client Responsibilities
Accountant Responsibilities
Deliverables
Fees and Payment
Confidentiality
Data Protection
Professional Competence
Documentation
Independence
Quality Control
Timing and Deadlines
Communication
Working Papers
Third Party Access
Limitation of Liability
Termination
Force Majeure
Dispute Resolution
Entire Agreement
Governing Law
Professional Indemnity
Engagement Period
Electronic Communications
Staff Assignment
Record Retention
Non-Exclusivity
Amendments
Notices
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