Advisers looking to protect themselves and their clients from professional negligence or malpractice suits need to enter into an engagement letter, according to an ERISA attorney.

Engagement letters may be viewed as merely administrative items, which sometimes results in attorneys giving them little thought.

The letter of engagement for financial planning is a written, legally binding contract that outlines, in clear terms, the business relationship between the client and financial planner.

Instead, engagement letters should be updated and signed by clients annually. This is important in limiting potential liability resulting from clients’ allegations of continuous representation by a ...

I was recently interviewed for the Association of Legal Administration ‘s Legal Management magazine on the topic of client engagement letters. Writer Paula Tsurutani gathered commentary from a ...

The American Institute of CPAs has developed a new online practice aid that provides customizable sample letters and expert commentary to guide accounting professionals as they lay out terms and ...

An engagement letter is a written document. It is used to define the business relationship to be entered into by a client and a company. Learn more about how it works.

Professional liability insurance carriers and defense attorneys have always proclaimed that engagement letters are one of the first lines of defense in a malpractice cause of action against a CPA.

Then, in the written engagement letter expressly confirm which of the entities will and will not be considered clients for the engagement covered by the letter.