Which of the following is true of engagement letters?
A) Engagement letters can be modified with the approval by both parties.
B) Engagement letters are generally addressed to the expert to establish the expert's relationship as the attorney's agent.
C) Engagement letters are treated as privileged communication and need not be disclosed to the court.
D) Engagement letters for providing litigation services are required under the AICPA's professional standards.
A
Explanation: A) As an engagement evolves, it is common to amend or supplement the engagement letter. Since the engagement letter is a contract, any such modifications must be approved by both parties.
You might also like to view...
Tommy Gray attempts to deliver customer satisfaction every day in his Audio Expressions installation business. He is a smart operator who knows that the key to this goal is to match ________ with ________
A) company performance; competition B) company performance; competitive prices C) relationship building; performance tools D) company performance; unique products E) customer expectations; service quality
Define the terms "ethics," "business ethics," and "social responsibility."
What will be an ideal response?