ResourcesTurn your engagement letters from a burden to a benefit

Turn your engagement letters from a burden to a benefit

Most of us will know that producing engagement letters is a hassle that we have to deal with in order to stay in line with our regulatory body requirements. In fact, most firms that I know of send an engagement letter once they first take on the client, and then only get round to reviewing the letters when there is either a major change internally or externally.

Deep down, we know it is best practice to have an up to date engagement letter, but often the day to day gets in the way of this admin.

Practice Ignition have put forward a case not only for removing the hassle of engagement letters, but also for the business benefits of ensuring these are robust and up to date. Please note – for the purposes of this guide, they will be referring to non-audit engagement letters.

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Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

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Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

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2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

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2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

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Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

1y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

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Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

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Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

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