Wednesday, September 29th, 2021

Engagement Letters for CARES Act Consulting

“The woods are lovely, dark, and deep. But I have promises to keep, and miles to go before I sleep.” – Robert Frost

It is always good to be reminded about accurately covering services you provide in engagement letters, especially those advisory services relating to the CARES Act.

Here is a good reminder and a resource from my friend Stephen Vono of McGowanPRO professional liability insurance:

CPAs need to be vigilant in advising clients affected by the pandemic regarding all programs available through the federal, state, and local government agencies. Historical claims data shows that failure to advise clients is a common potential claim against accountants. This engagement letter will assist you in describing the scope of services when performing Cares Act-related consulting and advisory services.

For further eligibility requirements, please refer to the United States Government Health and Human Services website. www.hhs.gov 

Contact: John F. Raspante – Director of Risk Management | p: 732.216.7552  jraspante@mcgowanprofessional.com 
Stephen Vono – Senior VP |  p: 732.216.7552 svono@mcgowanprofessional.com
Download E/L here.

  • "It is easy to make promises - it is hard to keep them."
  • Boris Johnson

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