Parsley
Sage Rosemary & Ginsburg llp
“always a reasonable result for a
reasonable fee, always”
MEMORANDUM
To:
CC:
|
Learned
H. Sage, Managing Partner
Accounting
Department
|
From:
|
Mike
Marget
|
Date:
|
March
2, 2012
|
Re:
|
The Auditors are Coming! – Engagement
Letter
|
Attached
is a copy of their formal Engagement Letter.
I’ve already negotiated the fee with them – no increase again this year,
but the Accounting Department is going to prepare a couple extra schedules
which their staff used to create from scratch in the past. It’s a fair trade.
The
letter is not dissimilar to the engagement letters PSRG uses – except Beane
& Beane insists upon us signing it before they begin work and the payment
schedule is outlined in detail. (Things
we should consider getting stricter about.)
As
a technical matter, Beane & Beane should be formally retained by the firm’s
Management Committee. Accordingly, I
will put this subject on the agenda for this month’s Management Committee
meeting and attach a copy for everyone to review. The minutes of the meeting should reflect the
Committee’s action. It is something the
auditors look for when they review the Committee meeting minutes each year.
Let
me know if you have any questions.
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