Latest Engagement Letters Book Available

The 11th edition of the CPA’s Guide to Effective Engagement Letters is now available. It includes a CD of the electronic versions of all letters, the suggested wording, and the comments, along with risk management case studies. CAMICO policyholders can access many of the letters from the Engagement Letter Resource Center on the homepage of the Members-Only Site at www.camico.com.

The book has been updated throughout and includes:
     • A new chapter on preparation of financial statements in accordance with SSARS No. 21
     • Updated review and compilation letters that comply with SSARS No. 21
     • Revised peer review letters for system reviews and engagement reviews
     • Revised expanded tax engagement letters

Also included in the 11th Edition are new and updated case studies. Several of them are offered in a multiple-choice format, with answers and feedback for incorrect responses. Topics include:
     • Conflict of interest regarding financial advice
     • A set of three ethical dilemmas
     • Voicemail/e-mail fraud and investment advisory services
     • Fee dispute with an audit client
     • Embezzlement involving a firm merger and audit services

The book is available for purchase from CCH, and CAMICO policyholders can receive a 20 percent discount. To access the order form, visit the Members-Only site and, under Reference Library, click on CAMICO Partnerships/CPA’s Guide to Effective Engagement Letters.

Be sure to visit the Engagement Letter Resource Center, located under “Resource Centers” on the CAMICO Members-Only Site. You'll find tools and checklists that provide step-by-step guidance through the letter-writing process. The resource center also includes an engagement and disengagement letter checklist and links to 118 sample engagement letters, including the new and revised letters.

For assistance call 1.800.652.1772 and ask for the MarCom department.

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