Document background
The Engagement Letter For Accounting Services is a fundamental document required in New Zealand professional practice to formalize the relationship between accounting firms and their clients. It is typically used at the commencement of a new client relationship or when significant changes occur in the scope of services provided to existing clients. The letter ensures compliance with New Zealand regulatory requirements, including those set by the New Zealand Institute of Chartered Accountants and various legislative frameworks such as the Financial Reporting Act 2013. This document outlines essential elements including service scope, fee structures, responsibilities, and professional standards, while incorporating necessary provisions for AML/CFT compliance and privacy protection. It serves as both a legal protection mechanism and a clear communication tool for establishing professional expectations.
