The American Institute of CPAs has developed a new online practice aid that provides customizable sample letters and expert commentary to guide accounting professionals as they lay out terms and objectives for clients.
“This new tool offers the latest guidance on engagement letters that conform to AICPA professional standards,” said AICPA vice president of publications Linda Cohen. “And with additional requirements for engagement letters coming into play under the new clarified auditing standards, this is a perfect resource to help manage the transition.”
The practice aid features an online format and customizable content, and clear distinctions between the required language and optional text. The toolkit has been developed by subject matter experts, with each chapter containing best-practice recommendations. Future updates will be available to reflect changing standards.
For more information, visit the