Welcome to our article on Ssars 21 Section 70 Engagement Letter Sample! Below, you will find examples of Ssars 21 Section 70 Engagement Letter Sample that you can use and modify as needed.
Understanding the Purpose of Ssars 21 Section 70 Engagement Letter Sample
When it comes to engaging with clients on financial statement preparation services, having a well-drafted engagement letter is crucial. The Ssars 21 Section 70 Engagement Letter Sample serves as a formal agreement between the accountant and the client, outlining the scope of work, responsibilities, and expectations of both parties. Below are some key points to consider:
- Clearly define the services to be provided
- Specify the responsibilities of the accountant and the client
- Establish the terms of payment and fee structure
- Outline the timeline for completion of the work
Example of Ssars 21 Section 70 Engagement Letter Sample
Dear [Client’s Name],
We are writing to confirm our agreement to provide financial statement preparation services in accordance with Ssars 21 Section 70. The scope of our work will include:
- Compilation of financial statements based on information provided by the client
- Assistance with disclosures and footnotes as required by accounting standards
- Review of the financial statements for accuracy and completeness
Our responsibilities will include performing the necessary procedures to compile the financial statements in accordance with Ssars 21 Section 70. It is important that the client provides us with accurate and complete information in a timely manner to ensure the timely completion of the engagement.
The fee for our services will be based on [fee structure]. Payment terms are [payment terms]. We anticipate completing the work by [completion date].
If you have any questions or require further information, please do not hesitate to contact us. We appreciate the opportunity to work with you on this engagement.
Sincerely,
[Your Name]