CPA's Guide to Effective Engagement Letters: Implementing Successful Loss Prevention Practices provides the information needed to compose effective engagement letters. It is designed as a practical, hands-on tool that can sit on the auditor's desk for easy access. The book is composed primarily of annotated parts of an engagement letter, which can be pieced together to create an entire engagement letter, and actual letters the CPA can use for his or her own purposes. The free companion CD-ROM that accompanies CPA's Guide to Effective Engagement Letters contains these same valuable paragraphs and letters, plus case studies illustrating the dos and don'ts of engagement letter use. The book is made up of eight sections: - Financial Statements - Tax Preparation and Planning - General Accounting - Other Engagements - Other Letters - Internal Controls - Record Retention and Destruction Policy - Disengaging Sections One through Four include suggested wording and sample letters that deal with their particular subjects. Section Five contains sample letters covering miscellaneous subjects. Sections Six through Eight contain The book is formatted so that the left-hand column offers suggested wording about a specific subject; the right-hand column contains comments that are relevant to the subject matter and offers important advice. The sample letters and material contained in this book have been actually used by CPAs. The book was compiled and edited with resources from CAMICO Services, Inc., a subsidiary of CAMICO Mutual Insurance Company. A free companion CD-ROM is included with the book and provides electronic versions of all of the suggested wording and all of the letters. The CD also has a folder containing case studies (which are on the CD only and do not appear in the printed book).
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Ron Klein, J.D., CFE, is the President of CAMICO Services, Inc., a subsidiary of CAMICO Mutual Insurance Company that provides resources on loss prevention and risk management issues to CPAs. Educated as an accountant and an attorney, Mr. Klein holds a B.S. in business administration from Washington University, in St. Louis, and a J.D. from Southwestern University, in Los Angeles. Before joining CAMICO, Mr. Klein was a controller, a practicing attorney, and a vice president of finance in the real estate syndication industry. Mr. Klein is a member of the California Society of CPAs' Committee on Professional Liability and a frequent speaker. He has addressed more than 10,000 CPAs on topics regarding professional liability and other legal issues that affect accountants. Ric Rosario, CPA, CFE, is Vice President of Risk Management Services. With a background that includes public accounting, private industry experience, and service as a Certified Fraud Examiner, Mr. Rosario provides CPAs with practical insight on loss prevention techniques through CAMICO's advice hotline, firm visits and presentations, and the Speakers Bureau program. He is a frequent speaker and author on existing and emerging risk issues that face CPAs today. He has presented his solution-oriented approach, with helpful tools to minimize or avoid liability, at state and national conferences, as well as in articles published in leading accounting publications. Mr. Rosario's public accounting background was with the regional firm of John F. Forbes & Co., in the audit division. He later joined a start-up real estate venture as controller and completed his tenure as chief financial officer. He is a part-time lecturer on accounting at Notre Dame de Namur University, Belmont, California. He earned his B.S. in accounting at Saint Mary's College, in Moraga, and attended a two-year MBA Program at Golden Gate University, in San Francisco. Suzanne M. Holl, CPA, is Director of Loss Prevention Services. W
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