Engagement letters: the latest guidance

Newbie
Newbie Registered Posts: 229 ? ? ?

Comments

  • anniem
    anniem Registered Posts: 1,326
    Aaaaaaaaaaaarrrrrrrggggggggggghhhhhhhhhhh - I haven't read it yet, but I've only just been reviewing mine, so I hope what I've done will suffice!

    What is it about Engagement Letters that makes them such a turn off????

    Is it just me, or do we all suffer that fear/dread feeling when those two words are mentioned?

    I think your summary word "nightmare" says it all.

    Sorry Newbie. Rant over :lol:

    A x
    FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 ? ? ?
    I ******* hate engagement letters.

    Thank god mine are mostly automated now, but the thought of re-doing the master T&Cs in light of new guidance, ffs.....

    ARRRGGGGHHHHHH :angry:
  • jow774
    jow774 Registered Posts: 465 Dedicated contributor ? ? ?
    Ive only just finished mine, hope they are ok too!

    Do clients actually read them? They always seem like so much work and then there is always that client that does read them and you've left a paragraph in that doesnt apply, or maybe thats just me.

    Aaaaaaaarghhhh!
  • Newbie
    Newbie Registered Posts: 229 ? ? ?
    At the moment I use the AAT engagement letter template, I personally think the engagement letters should be made simpler for SME's not longer and more complicated and the concept of 7 days for the client to cancel is a nonsense, in reality they can cancel at any point
  • Gem7321
    Gem7321 MAAT, AAT Licensed Accountant Posts: 1,438
    I've just done mine but I haven't updated my schedule of services, I'm just using the AAT one. It was mind-numbing!
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