Forensic accounting (MAKE A BRAND NEW EXAMPLE)

Using the content info from the bottom of text page 52, Make a minimum 300 word quality primary post preparing an engagement letter for a potential forensic accounting client containing all key required elements.

The specific content of an engagement letter depends on the nature of the engagement. As a general rule, however, an engagement letter should address the following issues). Identification of responsible parties,

Purpose of the engagement (services to be performed),

Nature of the relationship (consulting or testifying expert),

Limitations on the scope of the work, Issues of independence, conflicts of interest, and confidentiality

Ownership, use of materials, and attorney work product

Fees, invoicing procedures, and retainers,

Right to terminate

Dispute resolution provisions

an example of a letter is

To:

Maxwell Washington,

Fairfax, CA 10905.

October 26, 2019.

Re: Forensic Accounting Engagement Letter to the Client

Dear Ms. Maxwell

This letter will serve to confirm our comprehension and agreement whereby Maxwell Washington has retained James Porter, CPA, BSc from the accounting company Forensic Accounting 10905 to perform investigatory and analysis of accounting financial records.

The responsible parties will be three parties, namely the users, practitioners, and the responsible party. Besides, we will perform our services in line with the statement on standards for consulting services, being responsible for the collision on our services of fraudulent data provided in the financial records. This will be the nature of the relationship.

We have done a review on our records to determine relationships with you, and we are not aware of any conflict which would prevent us from doing the above task for you. Reports and any other document prepared by us remain property for this company, and we promise that we will not disclose any confidential information of Ms. Maxwell in those documents.

Our fee for this engagement will be based on an hourly rate of $200 per hour, which has shifted from our current fee, which was $100 per hour, and a retainer of $3000 against which time will be applied. Furthermore, any of the parties may write a notice to the other party to terminate the agreement, irrespective of the James porter Accountant to finish the analysis.

Dispute resolution concerning our services will involve signing the engagement letter and binding arbitration done to the resolutions of accountants. Thus, we wont play part in the decision-making process for your company though we have provided advice to help in the management of the company. Agreeing to this engagement, we didnt impair our independence. These serve as the limitation on the scope of work.

Please admit your acceptance of the terms of this engagement by signing this letter.

James porter, CPA, BSc,

Forensic Accountant of 10905.

Acknowledged and agreed to By: Ms. Maxwell

By: -----------------

Date: ------------------