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OnDemand Course

Modifying Boilerplate Engagement Letters

Today's economy finds companies in every industry, including professional service firms, looking at best practices to keep revenues steady and to decrease liability. The collection process has become more burdensome as cash flow tightens across the country. With more and more lawsuits arising against professional service providers and their firms, accounting firms and bookkeeping and tax service providers need to take proactive steps to limit their legal liability. One of the best places to start is at the beginning - with the engagement letter.


Runtime: 62 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Essential Terms of Engagement Letter

  • Define Client/Legal Authorization to Sign
  • Scope of Services
  • Compensation
  • Confidentiality/Protection of Client Data
  • Work Papers/Client Records
  • Document Retention/Destruction Policy
  • Risk of Legal Liability

Business Risk Allocation

  • Limitation of Liability
  • Indemnification
  • Dispute Resolution

Disengagement

  • Reasons/Warning Signs
  • Releases
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 19, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Alberto G. Rossi

Alberto G. Rossi

LeClairRyan

Alberto G. Rossi, Esq.

  • Litigation partner based in LeClairRyan’s Boston office
  • Focuses his practice on the representation of accountants, investment advisors, financial planners, and directors and officers in commercial and professional liability litigation before federal and state courts and in alternative dispute resolution forums
  • Practice is devoted to the representation of national, regional and local accounting firms in a variety of tort claims, including malpractice, breach of contract, breach of fiduciary duty, fraud, and unfair and deceptive act claims
  • Counsels clients on risk management and prepares and advises clients on engagement letters and document retention and destruction policies
  • Recognized by Law and Politics Magazine as a Massachusetts Super Lawyers Rising Star for Professional Liability Defense, 2009-2011
  • Admitted to the Bar in Massachusetts and District of Columbia
  • J.D. degree, Washington College of Law, American University
  • B.A. degree, Boston College
  • Can be contacted at [email protected] or 617-502-8233
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 389821
Published 2012
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