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| Engagement Agreement Letters (2288Q) |
Course CPE: 2 hours
Field(s) of Study: Behavioral Ethics–1 hr; Business Management and Organization–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 26PM0720EAL
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: July 20, 2026
Presenter: Glenn Block and Ronald Rudich
Program Description:
In this course, we will be presenting the various methods and scenarios for retainer agreements and its substance in your engagement agreement. The engagement agreement letter will be expanded in detail to cover specific areas of concern for you, the valuator, and your client.
We will cover: 1) various scenarios in detail for retainers and how they may be used; 2) understanding the "Three-Legged Stool," premise of value, and the reason for the valuation; 3) valuation standards both general and ethical; 4) identifying the client; 5) scope of the engagement; 6) external economic issues; 7) use of AI; 8) conflicts of interest; 9) restricting the use of the report; 10) challenges of admissibility of experts; 11) fees and payment terms; 12) reimbursement for travel and out of pocket expenses; 13) indemnification; 14) dispute resolution; 15) withdrawal or termination; 16) confidentiality of information and record retention; 17) expiration of offer and client signature; 18) NACVA tools; 19) malpractice; and 20) ethics and client engagements.
This course is designed to assist you in crafting the best engagement agreements to protect yourselves and your firm from liability exposure and other mishaps. Learn from actual experiences of the presenters what works and what does not work.
Takeaways:
Identify how to prepare a much better, detailed agreement which will explain what business valuation service you will provide.
Differentiate how the agreement will provide specific sections that will be necessary for your protection as well as the client.
Recognize how it will provide a basis whereby you will be able to draft an agreement that will be specific to the client and the reason for the business valuation.
After completing this course, you will be able to:
- Determine a uniform structure that may be created as a basis for various types of retainer and engagement agreements
- Identify the reasons for each section of the agreement and how it pertains to the responsibilities of both the valuator and the client
- Recognize that the agreement becomes a "road-map" of protection in the valuation process for the business appraiser
- Determine how many sections of the agreement may be worded differently depending on the specific reason for the engagement
- Identify how, if a particular issue is not stated in the agreement, it may lead to a misunderstanding and possibly a reason for a suit by the client
- Recognize how the use of AI may affect its reliance in your report by a trier of fact in a court setting
- Identify how to address your fee arrangements properly and in a fashion whereby to avoid any future fee disputes
- Determine why you should include an expiration clause in your engagement agreement
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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