Write this down: Engagement letters save firms
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Having a document that clarifies the work to be done keeps everyone on the same page — and out of court.
In other news today:
The firm reports a substantial revenue increase to $2.82 billion as it transitions from a partnership to a professional service corporation.
The U.K.'s Financial Reporting Council published its annual inspection and supervision results of the largest audit firms, and said it found signs of continued improvement.
Low-class mail; time to pay the check; closing curtain; and other highlights of recent tax cases.
U.S. audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks as tensions mount between the world's two largest economies.