Engagement Letter
Definition
A written contract between the forensic accountant and the retaining party that defines the scope, deliverables, fee arrangement, confidentiality terms, and the identity of the client. It is the primary document that governs the relationship.
Related terms
- Attorney-Client Privilege
- A legal protection shielding confidential communications between an attorney and their client from compelled disclosure in litigation. A forensic accountant retained by...
- Independence
- The requirement that an expert's opinion is formed solely on the evidence and the expert's own professional judgment, free from pressure from...
- Litigation Hold
- A formal instruction suspending the routine destruction of documents, electronic records, and other potentially relevant material. Failure to issue one promptly when...
- Scope Creep
- The unintended expansion of a penetration test beyond the agreed boundaries, either because testers follow a vulnerability chain into an out-of-scope system...
- Work-Product Doctrine
- A rule protecting materials prepared by or for an attorney in anticipation of litigation. It is broader than attorney-client privilege and covers...
Explained in
- The Forensic Accounting EngagementA written contract between the forensic accountant and the retaining party that defines the scope, deliverables, fee arrangement, confidentiality terms, and th...