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Choosing a CPA or CPA firm

The VBOA cannot refer or recommend a CPA or CPA firm but recommends these resources:

Engagement letter

CPAs often use a contract known as an engagement letter. The engagement letter defines the legal relationship between the CPA and client by including the following:

  • What services will be performed?
  • When the services will be completed?
  • What is expected of the client and CPA?
  • How much will be charged?
  • Signatures of parties involved

It is encouraged to keep a copy of the letter so when questions arise the letter will be a useful resource. The engagement letter should be updated when services or fees change.

Referral fees, contingent fees and commissions

Refer to the AICPA Code of Professional Conduct for guidance regarding these topics.