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Term: Accounting -> Engagement letter
Term:

Engagement letter

Definition:

A letter that represents the understanding about the engagement between the client and the CPA. The letter identifies the financial statements and describes the nature of procedures to be performed. It includes an explanation of the objectives of the procedures, an explanation that the financial information is the responsibility of the company's management, and a description of the form of report.

Related terms:

LIFO Liquidation

Partnership

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