Financial Review Engagement

FINANCIAL REVIEW ENGAGEMENT

Parties and Contact Information

Engagement Scope

The Accounting Firm will perform a review of the financial statements of the Client for the period ending . The review will be conducted in accordance with professional standards applicable to review engagements and will consist primarily of inquiries, analytical procedures, and other review procedures designed to provide limited assurance that no material modifications are required for the financial statements to be in conformity with the applicable financial reporting framework.

The applicable financial reporting framework to be applied in the preparation of the financial statements is:

Services Outside Scope

A review does not provide assurance that an audit would; it is substantially less in scope than an audit and does not include tests of internal control or verification of information by direct confirmation, observation or inspection of physical assets. The firm will not perform procedures to detect fraud, illegal acts, or other matters that may affect the financial statements unless such matters come to the firm's attention in the course of the review.

Management Responsibilities

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the selected financial reporting framework, for designing and implementing internal controls, and for providing the firm with timely access to all records, documentation, and personnel relevant to the engagement.

Deliverables

Upon completion, the firm will issue a review report expressing limited assurance. Unless otherwise agreed in writing, the report will be addressed to the Client and is intended solely for the use of management and others within the Client's governance structure. Distribution to third parties requires prior written consent of the firm.

Fees and Payment Terms

Fees for the engagement will be based on the time required at standard hourly rates plus out-of-pocket expenses, unless a fixed fee is agreed. The estimated fee for the services described in this engagement letter is $.

Past-due accounts may be subject to a late fee and collection costs. Payment of invoices is a condition of continued performance by the firm.

Access to Records and Cooperation

The Client will provide the firm with access to all financial records, related information and personnel as the firm deems necessary to perform the review. The Client will also provide written representations the firm requests. If the firm encounters limitations on scope or is denied access to required information, the firm may modify the engagement, issue a report describing the limitation, or withdraw from the engagement.

Independence, Confidentiality, and Use of Work

The firm affirms that it is independent with respect to the Client in accordance with professional standards. All information obtained in the course of the engagement will be treated as confidential and will not be disclosed except as required by law or professional standards, or with the Client's consent.

Limitations of Liability and Indemnification

Except to the extent prohibited by law, the Client agrees to indemnify and hold the firm harmless from any claims arising from the Client's failure to provide accurate records or representations. The Client and the firm agree that the firm's aggregate liability arising from this engagement shall be limited to $ unless otherwise agreed in writing.

Records Retention and Access After Engagement

The firm will retain engagement documentation for a period consistent with professional standards and firm policy. As documentation is the firm's property, the Client's access shall be provided in accordance with professional standards and applicable law.

Governing Law and Dispute Resolution

This engagement letter shall be governed by the laws of the jurisdiction in which the firm maintains its principal office for professional services. Any dispute arising under this agreement shall be resolved by mediation followed, if necessary, by arbitration in accordance with the agreement of the parties.

Terms of Engagement and Termination

This engagement will commence upon acceptance by the Client and will continue until the agreed deliverables have been provided or the engagement is terminated by either party with reasonable notice. The Client will remain responsible for fees and expenses incurred to the date of termination.

Acceptance

If the foregoing is acceptable, please sign and date this engagement letter in the space provided below. Acceptance of this engagement constitutes agreement to the terms and conditions set forth herein.

Sign Now