Accountants, Lenders and Engagement Letters

United Kingdom

Accountants frequently require lenders to enter in their standard engagement letters before carrying out certain work. Such engagement letters will clarify the scope of the accountants’ instructions and, invariably, seek to limit their liability to the lender for such work. This article by Andrew Noon of this firm looks at those engagement letter banks are most likely to encounter and identifies some of the key issues for lenders.

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For further information please contact Andrew Noon on +44 (0)20 7367 2880 or by e-mail at [email protected]