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  2. PROFESSIONAL LIABILITY SPOTLIGHT

Setting expectations

Compiled by Sarah Beckett Ference, CPA

Please note: This item is from our archives and was published in 2017. It is provided for historical reference. The content may be out of date and links may no longer function.

Setting expectations
Image by Tim Lee

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CPA firms can use engagement letters to define the scope of services they intend to provide clients. The information in this graphic shows, among other things, the benefits of using engagement letters, the liability risks associated with failing to use them, and good sources firms can use to draft appropriate engagement letters.

Click here to download the infographic PDF