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CPA'S GUIDE TO EFFECTIVE ENGAGEMENT LETTERS, FOURTH EDITION By Ron Klein, Ric Rosario, and Suzanne M. Holl Aspen Law & Business, May 2002, $102, ISBN: 0-7355-3267-2
Reviewed by Henry J. Krostich
The subtitle of this book, "Implementing Successful Loss Prevention Practices," provides a hint to its underlying purpose. The authors, all employees of Camico Services, Inc., a subsidiary of Camico Mutual Insurance Company and the professional liability insurance carrier recommended by the NYSSCPA, clearly acknowledge the assistance of the company and its insureds in creating the book.
That said, the book is a wonderful compilation of the various components (supplemented by completed samples) of engagement letters that can, and should, be used by practicing CPAs for a wide range of engagements. The book is divided into chapters by service area, including accounting and auditing, tax preparation, representation and planning, bookkeeping services, consulting, and business values tion. I found it difficult to think of an engagement that a...