ICAEW’s Technical Advisory Service has developed helpsheets to assist members amend or issue a new engagement letter for use when MTD for VAT is applicable.
An engagement letter protects the firm by provide a record of the contract between your firm and the client, and minimises the risk of any future misunderstandings between the parties.
This helpsheet explains the importance of engagement letters and provides a series of sample wordings to help you draft engagement letters for a variety of typical engagements for both corporate and non-corporate clients.
ICAEW has developed helpsheets to assist members issue privacy notices, amend existing engagement letters, and prepare a new engagement letter.
Answers on risk management procedures, the repercussions of an interim role and poor communication, from those in the know
From written communications with clients, to recording substantive tests and conducting audit completion reviews, the importance of adequate documentation simply cannot be over emphasised, as Michael Scott highlights.
In the first of my blogs around Tomorrow’s Practice, I thought I’d introduce myself and the scope of the project. I was a business journalist from 1989 until 2012, writing about how organisations and businesses – sometimes in fairly specific industry segments – IT, television, telecommunications and more recently across the regions of England and Wales.
Client complaints and dispute resolution
Guidance for practice members and firms on dealing with complaints from clients and information on ways to resolve disputes.
The duties of ICAEW members and firms to report and investigate misconduct.
Background information and practical guidance on business dispute resolution.
Firstly, don’t panic! Just because we notify you of a complaint about you, it doesn’t automatically mean you’ll be excluded from membership or have to pay a fine with the details published in the pages of economia.
Disengaging from clients, including preparing disengagement letters.
Technical helpsheet to help members in practice with implementing Making Tax Digital for VAT. It gives a breakdown of the key dates and next steps on keeping digital records, setting up an HMRC Agent Services Account, preparing clients for MTD, and using MTD compliant software.
Find out about the tools that can help you in your career as an independent adviser or consultant.
Best practices for accounting firms to communicate with clients.
Making Tax Digital (MTD) will lead to very significant change for many ICAEW members in practice. MTD is a major HMRC driven change to the administration of the tax system but it should be seen in the context of the increasing digitalisation of business, including the business of providing accounting and tax services.
Whatever your technical or ethical query, phone +44 (0)1908 248 250 for objective, confidential advice from the experts.
Helpsheets prepared by ICAEW Technical Advisory Services to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.
Useful links for accountants in business and practice relating to technical guidelines, regulations and best practice from ICAEW and other bodies.