The Preparation Engagement Letter is a crucial document used when an accountant or accounting firm is engaged to prepare financial statements or other financial reports for a client. This document, governed by the laws of England and Wales, sets out the precise nature of the professional relationship, including specific services to be provided, timelines, fees, and respective responsibilities. It helps ensure compliance with professional standards and regulatory requirements while protecting both parties' interests. The letter typically includes details about the basis of accounting to be used, any limitations of the service, and the format of the final deliverables.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Date and Address Block: Opening section containing date, recipient's name and address
2. Salutation: Formal greeting to the recipient
3. Introduction: Brief introduction identifying the purpose of the engagement letter
4. Scope of Services: Detailed description of preparation services to be provided and any limitations
5. Client Responsibilities: Clear outline of information and cooperation required from client
6. Fees and Payment Terms: Fee structure, payment schedule, and billing arrangements
7. Timelines: Expected completion dates and key milestones
8. Professional Standards: Reference to applicable accounting standards and compliance requirements
9. Confidentiality: Terms regarding confidentiality and handling of sensitive information
10. Signature Block: Space for signatures of both parties to confirm agreement
1. Additional Services: Description of any supplementary services available, used when offering extended scope
2. Third Party Access: Terms for sharing information with third parties, used when external parties are involved
3. Data Processing Terms: Detailed data handling provisions, required when processing personal data
4. Professional Indemnity: Specific terms regarding professional liability and insurance, used for high-risk engagements
5. Termination Provisions: Specific terms for ending the engagement, used for longer-term arrangements
1. Schedule 1: Fee Schedule: Detailed breakdown of fees and charging structure
2. Schedule 2: Service Description: Detailed scope of services and deliverables
3. Schedule 3: Client Information Requirements: List of required documentation and information from client
4. Schedule 4: Standard Terms and Conditions: Detailed terms and conditions governing the engagement
Find the exact document you need
Pro Bono Engagement Letter
An England & Wales legal document formalizing free legal service arrangements between providers and recipients.
Download
Private Placement Engagement Letter
A formal engagement letter under English and Welsh law establishing terms between a financial advisor and client for private placement services.
Download
Legal Engagement Agreement
A formal agreement under English and Welsh law establishing the terms of engagement between a law firm and client.
Download
Financial Plan Engagement Letter
An English law-governed engagement letter establishing the terms of financial planning services between advisor and client, conforming to FCA requirements.
Download
Success Fee Engagement Letter
A formal engagement letter under English and Welsh law establishing terms for legal services with fees partially contingent on successful outcomes.
Download
Business Broker Engagement Agreement
A legal agreement under English and Welsh law establishing the terms for business brokerage services, including scope, fees, and obligations.
Download
Preparation Engagement Letter
A formal engagement letter under English law establishing terms between accountant and client for financial statement preparation services.
Download
Expert Witness Engagement Letter
A formal engagement document used in England and Wales to retain expert witness services, outlining terms and obligations under CPR Part 35.
Download
Audit Engagement Letter
A formal agreement under English and Welsh law establishing the terms of engagement between an audit firm and its client for audit services.
Download
Evergreen Engagement Letter
A continuing professional services agreement under English law that establishes an ongoing engagement between service provider and client without a fixed end date.
Download
Contractor Engagement Letter
A formal engagement letter under English and Welsh law that establishes the terms between a contractor and client company.
Download
Valuation Engagement Letter
A formal engagement letter for valuation services under English and Welsh law, establishing the terms and conditions for professional valuation services.
Download
Client Engagement Agreement
An England and Wales-governed agreement establishing terms between a service provider and client.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)