Setting expectations

Compiled by Sarah Beckett Ference, CPA

Setting expectations
Image by Tim Lee

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

Where to find December’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.