CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Engagement Letters and Other Risk Mitigation Best Practices

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Before starting this self study program, please go through the instructional document.


  • Sources of Malpractice Claims
    5 mins
  • Limiting Risk with Engagement Letters
    15 mins
  • Engagement Letters - Terms and Conditions Addendum
    44 mins
  • Engagement Letters - Other Best Practices
    58 mins
  • State Board Rules and Regulations
    94 mins

Course Description

Many people see engagement letters as just a formality that is required to be undertaken before starting contractual work. That’s the wrong mindset to have. Engagement letters are an important tool that smart practices use to grow their business while mitigating risk. Engagement letters define the business contract between a professional firm and its clients. It outlines the fee structure, responsibilities, and obligations of the firm and the client. Without it, each party can be in legal limbo.

In this webinar, we will discuss the importance of engagement letters and other risk mitigation best practices. In addition to discussing key items to include (and not include) in client engagement letters, we will discuss risk mitigation concerns around client acceptance and monitoring and the necessity of establishing data security plans. 

This Online CPE Webinar on Business Organization and Management covers the following Key topics:

  1. Sources of malpractice claims.
  2. Setting Expectations and limiting liability through the proper use of engagement letters.
    • limiting the scope of service
    • state, local and international filing obligations
    • Including a “terms and conditions” addendum
  3. Best practices around client acceptance and monitoring.
  4. Establishing data and privacy security plans.
  5. FAQs.

Learning Objectives

  • To identify common Ethics principles.
  • To recognize the key elements of Circular 230.
  • To recognize the key standards and requirements of the AICPA Code of Professional Conduct and the Statements on Standards for Tax Services (SSTSs).
  • To identify other rules and regulations that apply to tax practice.
  • To identify key risk mitigation techniques.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA