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Compilation Engagement Letter
"Need a Compilation Engagement Letter for my tech startup based in Singapore, with specific focus on quarterly financial statement compilation and emphasis on data security measures, starting from March 2025."
1. Addressee Details: Client's name, position, and business address at the start of the letter
2. Engagement Objective: Clear statement of the compilation engagement purpose and nature of services
3. Scope of Services: Detailed description of compilation services to be provided, including reference to SSRS 4410
4. Management Responsibilities: Client's responsibilities regarding information provision, accuracy, and compliance with relevant laws
5. Practitioner Responsibilities: Accountant's responsibilities, service limitations, and professional standards compliance
6. Fee Structure: Professional fees, payment terms, and billing arrangements
7. Confidentiality Statement: Commitment to maintain client confidentiality in accordance with PDPA and professional standards
8. Acceptance and Acknowledgment: Signature blocks and acceptance terms for both parties
1. Timing and Deadlines: Specific completion dates and project timeline for time-sensitive engagements
2. Staff Assignment: Key team members and their roles for larger or complex engagements
3. Conflict Resolution: Dispute resolution procedures and governing law provisions for high-value engagements
4. Use of Technology: Details about specific software or systems to be used in the compilation process
1. Schedule A - Fee Schedule: Detailed breakdown of fees, charging structure, and payment terms
2. Schedule B - Detailed Service Scope: Comprehensive outline of services, deliverables, and specific exclusions
3. Schedule C - Standard Terms and Conditions: Standard terms of business including liability limitations and professional standards
4. Schedule D - Required Information List: Checklist of information and documents required from the client
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