Engagement letters…when are they required?

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  • #175070
    Anonymous
    Inactive

    I keep reading different things. From what I can tell, some books still haven’t updated this. They are required for compilations, reviews, and audits, correct? And this applies to issuers and non issuers?

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  • #385256
    okcpa1987
    Member

    I would say its safe to assume that engagement letters are ALWAYS mandatory. They are mostly to spell out the responsibilities of each party so there is no misunderstandings and probably to limit liability if anyone felt like sueing each other.

    REG - 80 (4/19/12)
    BEC - 81 (5/31/12)
    FAR - 89 (8/27/12)
    AUD - 87 (11/12/12)

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