Termination Of Professional Services printable pdf download

[Date]

[Client Name]

[Client Address]

Re:

Termination of Professional Services to [Client]

Dear [Client]:

[Accounting Firm] was engaged by [Client] to [insert services provided].

This letter confirms that effective [Date], [Accounting Firm] resigns from all

engagements with or for [Client]. Due to this termination of professional services,

certain aspects of some matters [Accounting Firm] was working on were not

completed. [Accounting Firm] will not provide any further professional services and,

accordingly, is not responsible for completing any unfinished work. [Client]

acknowledges that [Accounting Firm] has not completed some work, and further

acknowledges that all unfinished work is being turned over to [Client and/or Client’s

new accountants] unfinished and “as is.”

[Accounting Firm] agrees to cooperate with [Client’s] new accountants to a

reasonable extent. [Client] acknowledges that all original documents in [Accounting

Firm’s] possession have been returned to [Client].

[Client] also acknowledges that it

has received copies of all tax returns and financial reports prepared or issued by

[Accounting Firm] and has been given copies of all information necessary to meet its

future needs. [Accounting Firm] agrees to give [Client’s] new accountants access to its

workpapers (if access is requested) and provide copies of the workpapers as

[Accounting Firm] deems appropriate. [Client] acknowledges that [Accounting

Firm’s] workpapers are the exclusive property of [Accounting Firm].

Since some professional services remain unfinished, it is important to remember

that some of these matters are time sensitive and require completion and/or filing by a

certain date. In particular, [describe time sensitive assignments and date they must be

completed and/or filed]. If these matters are not completed within the time provided,

there may be adverse consequences, such as [generally describe consequences, i.e.,

penalties, loss of credit line, etc.]. It is [Client’s] sole responsibility to ensure that these

matters are completed and/or filed in a timely fashion, and, as stated above,

[Accounting Firm] is not responsible for completing these tasks or ensuring their timely

completion or delivery.

This sentence could be replaced with “[Client] acknowledges that [Accounting Firm] does not possess

any of [Client’s] original documents.”

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Termination Of Professional Services