Standard Terms of Business for Accountancy Services

The general terms that apply to every service your practice provides. Each engagement letter describes a particular service; these terms cover everything common to all of them, so that your engagement letters can stay short and consistent. Every engagement letter in this pack refers to these clause numbers.

• Send it with every new engagement letter and whenever you update it
• Publish the current version on your website or client portal and keep old versions
• Refer to it in proposals and fee letters as the terms that apply

• Fill in your firm details and the key information schedule at the end
• Choose Option A or B for client money and other options shown
• Check the liability, interest and notice placeholders against your insurance and engagement letters
• Keep the clause numbers unchanged, or update the cross-references in your engagement letters