Document background
The Engagement Letter For Accounting And Tax Services is a crucial document used in Canadian professional accounting practice to formally establish and define the professional relationship between a CPA firm and its clients. This document is required by Canadian professional standards, particularly CSRS 4200, and must be in place before beginning any professional accounting or tax services. It serves multiple purposes: defining the scope of services, establishing fee structures, setting expectations, and ensuring compliance with professional regulations and standards. The letter protects both the accounting firm and the client by clearly outlining responsibilities, limitations, and deliverables while adhering to provincial CPA regulations and federal tax laws. It's particularly important in the Canadian context where accounting services are regulated at the provincial level while tax matters fall under federal jurisdiction.
