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Engagement Letter For Accounting Services Template for Saudi Arabia

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Key Requirements PROMPT example:

Engagement Letter For Accounting Services

"I need an Engagement Letter for Accounting Services under Saudi law for a manufacturing company, covering monthly bookkeeping and year-end financial statements preparation starting March 2025, with specific provisions for Zakat compliance and SAR reporting."

Document background
The Engagement Letter For Accounting Services is a critical document used in Saudi Arabia when establishing a professional service relationship between an accounting firm and its client. It serves as the foundational agreement that defines the scope of services, professional obligations, and terms of engagement while ensuring compliance with SOCPA regulations and Saudi commercial law. This document is typically used at the commencement of a new client relationship or when updating terms with existing clients. It includes essential information about service delivery, fee structures, professional standards, confidentiality obligations, and liability limitations. The letter must reflect current Saudi Arabian regulatory requirements, including VAT implications, data protection standards, and anti-money laundering obligations. It's particularly important in the Saudi context due to the specific regulatory framework governing professional accounting services and the need to align with both local and, where applicable, international accounting standards.
Suggested Sections

1. Letter Header: Firm's letterhead, date, client details, and reference number

2. Salutation and Introduction: Formal greeting and introduction of the accounting firm

3. Service Description: Detailed outline of the accounting services to be provided

4. Professional Standards Statement: Declaration of compliance with SOCPA standards and professional requirements

5. Engagement Terms: Key terms including timeline, deliverables, and client responsibilities

6. Fee Structure: Detailed explanation of fees, payment terms, and VAT application

7. Confidentiality Commitment: Statement on data protection and client information confidentiality

8. Independence Declaration: Statement confirming the firm's independence and professional objectivity

9. Limitation of Liability: Clear statement of the firm's liability limitations under Saudi law

10. Termination Provisions: Conditions and process for ending the engagement

11. Acceptance Section: Space for client acknowledgment and acceptance of terms

Optional Sections

1. Additional Services: Section for any supplementary services that may be required beyond standard accounting services

2. International Reporting Requirements: Include when client requires reporting under international standards or for foreign jurisdictions

3. Group Structure Considerations: Required when dealing with complex corporate groups or holding companies

4. Zakat and Tax Services: Include when providing Zakat and tax-related services

5. Third-Party Access: Required when third parties need access to the accounting information or reports

6. Electronic Communication Consent: Optional section for specific agreement on digital communication and document sharing

7. Staff Assignment: Details of key team members when required for large engagements

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fees for different services and payment terms

2. Service Scope Detail: Comprehensive list of included and excluded services

3. Required Documentation: List of documents and information the client needs to provide

4. Timeline Schedule: Detailed timeline of deliverables and key dates

5. Team Structure: Organization chart and contact details of key team members

6. Standard Terms and Conditions: Firm's standard terms and conditions in compliance with Saudi regulations

7. Data Protection Protocol: Detailed procedures for handling and protecting client data

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses






























Relevant Industries

Financial Services

Professional Services

Manufacturing

Retail

Healthcare

Technology

Real Estate

Construction

Energy

Telecommunications

Hospitality

Education

Non-Profit Organizations

Government Entities

Small and Medium Enterprises

Relevant Teams

Finance

Accounting

Legal

Compliance

Internal Audit

Treasury

Tax

Corporate Secretariat

Risk Management

Executive Leadership

Procurement

Operations

Relevant Roles

Chief Financial Officer

Finance Director

Managing Partner

Audit Partner

Financial Controller

Accounting Manager

Corporate Secretary

Treasury Manager

Tax Manager

Compliance Officer

Legal Counsel

Managing Director

CEO

Finance Manager

Head of Finance

Director of Operations

Risk Manager

Internal Audit Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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