Legal Accounting Report

LEGAL ACCOUNTING REPORT

This Legal Accounting Report is made as of by and between Client Name: whose address is (Client) and Accounting Firm Name: whose address is (Accountant).

Recitals

WHEREAS, the Client has requested that the Accountant prepare a written accounting report setting forth account activity, balances, and adjustments for the period beginning and ending (Report Period); and

WHEREAS, the parties desire that the Accountant produce a written Legal Accounting Report addressing the accounting recordation, adjustments, and supporting documentation for the matter described as: ; and

WHEREAS, the parties have agreed the Accountant will rely upon documents and information provided by the Client and third-party custodians and will produce the Report in accordance with the terms set forth below.

NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. Definitions

1.1. "Report" means the written Legal Accounting Report prepared by the Accountant pursuant to this document, including all attachments and schedules identified herein.

1.2. "Documents" means all ledgers, bank statements, invoices, receipts, electronic data, and other materials provided to or obtained by the Accountant in connection with the Report.

2. Scope of Report

2.1. The Accountant shall: (a) review the Documents reasonably necessary to determine account transactions and balances for the Report Period; (b) identify reconciling items and proposed adjustments; and (c) prepare schedules listing transactions, balances, and proposed adjusting entries with explanatory notes as necessary.

2.2. The Report shall not include audit procedures or express an opinion on the fairness of financial statements unless expressly requested in writing and agreed by the Accountant in a separate engagement letter.

3. Sources and Documentation

3.1. The Accountant's findings will be based on Documents provided by the Client and other identified custodians. The Client represents that the Documents are true, complete, and authentic to the best of the Client's knowledge.

3.2. Key documents relied upon for this Report (identify by title or reference):

4. Accounting Methodology and Standards

4.1. The Accountant shall apply the following basis for preparation and disclosure of accounting adjustments. Select applicable basis (check all that apply):

Generally Accepted Accounting Principles (GAAP)    Cash basis    Accrual basis    Forensic accounting procedures

4.2. Where alternative bases are used, the Accountant will state such basis for each schedule or adjustment and will quantify the effect of any reclassification or restatement.

5. Statement of Accounts (Itemized)

5.1. The following table summarizes transactions and balances identified by the Accountant for the Report Period. Additional rows may be appended as attachments and incorporated into the Report.

6. Findings and Adjustments

6.1. Summary of findings:

6.2. Proposed adjusting entries (list each adjustment and rationale):

7. Accountant's Certification

7.1. The Accountant certifies, to the best of the Accountant's knowledge and based on the Documents reviewed, that the schedules and statements contained in the Report fairly present the transaction activity and balances identified for the Report Period, subject to the limitations set forth in Section 8. The Accountant's certification is limited to the procedures performed and does not constitute an assurance engagement unless expressly stated.

8. Limitations and Reliance

8.1. The Accountant's work is limited to the scope described in Section 2 and is dependent upon the completeness and accuracy of Documents provided. The Accountant is not responsible for undisclosed facts or documents. The Client acknowledges that the Accountants' conclusions could change if material additional information becomes available.

8.2. The Report is prepared solely for the benefit of the Client and its legal counsel in connection with the matter described in the Recitals. Third parties may not rely on the Report without the Accountant's prior written consent.

9. Confidentiality and Privilege

9.1. The Accountant shall treat Documents and the Report as confidential and, to the extent applicable, subject to legal privilege. The Client acknowledges that disclosure to third parties may waive privilege and agrees to consult with counsel before disclosing privileged Documents provided to the Accountant.

10. Notices

11. Amendments; Waiver; Counterparts

11.1. This Report may be amended only by a written instrument signed by both the Client and the Accountant. Failure to insist upon strict performance of any provision shall not constitute a waiver of future enforcement of that provision.

11.2. This Report may be executed in counterparts and may be delivered by electronic transmission, each of which shall be deemed an original and all of which together shall constitute one instrument.

12. Governing Law; Entire Agreement; Severability

12.1. Governing Law: This Report shall be governed by and construed in accordance with the laws of the jurisdiction selected by the Client for the underlying matter. The parties submit to the exclusive jurisdiction of that jurisdiction for disputes arising out of this Report.

12.2. Entire Agreement: This Report constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, agreements and understandings relating thereto.

12.3. Severability: If any provision of this Report is held invalid or unenforceable, such provision shall be severed and the remaining provisions shall remain in full force and effect.

Attachments and Exhibits

Attachments included with this Report (check as applicable):

Schedule A - Transaction Detail    Schedule B - Bank Reconciliations    Supporting Documents Index

Acknowledgment

The undersigned acknowledge that they have read and understand this Legal Accounting Report and agree to the scope, limitations, and terms contained herein.

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