Engagement letter

An engagement letter is a formal document that outlines the agreement between a service provider, such as a consultant or accountant, and their client. It specifies the scope of services to be provided, the responsibilities of both parties, fees, timelines, and any additional terms or conditions. This letter serves as a reference point, helping to ensure clear communication and mutual understanding regarding the work to be done. It protects both the client and the service provider by clarifying expectations and reducing the potential for misunderstandings.