Turn your engagement letters from a burden to a benefit
Date published
May 17, 2021
Company
Practice Ignition
Most of us will know that producing engagement letters is a hassle that we have to deal with in order to stay in line with our regulatory body requirements. In fact, most firms that I know of send an engagement letter once they first take on the client, and then only get round to reviewing the letters when there is either a major change internally or externally.
Deep down, we know it is best practice to have an up to date engagement letter, but often the day to day gets in the way of this admin.
Practice Ignition have put forward a case not only for removing the hassle of engagement letters, but also for the business benefits of ensuring these are robust and up to date. Please note – for the purposes of this guide, they will be referring to non-audit engagement letters.
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