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

SPONSORED REPORT

Get your clients ready for tax season

Upon its enactment in March, the American Rescue Plan Act (ARPA) introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.