Are you still using engagement letter templates?
Back in 2020, we found many accountants we spoke to were behind on issuing up-to-date letters of engagement. And it’s no surprise, because building your firm’s library of engagement letters is challenging.
Every letter must be robust enough to give you the protection you need, yet clear and simple enough that all parties fully understand.
With this in mind, accountants typically rely on engagement letter templates. But this strategy is high-risk, because YOU’RE responsible for deciphering their meaning and correctly assembling all components into a suite of fully compliant documents.
Accountants just like you confessed that creating Engagement Letters in this way is:
- Extremely time consuming
- Shrouded in lengthy, complicated guidance
- Beyond their in-house legal knowledge
- Requires resource outside of their current capacity
If this sounds familiar, and you’re also relying on hope that your Engagement Letters are providing some form of protection, then we built OverSuite with you in mind…
Welcome to the new era of engagement letters
Leading experts didn’t just lead the creation of OverSuite engagement letters, their experience & technical expertise has actually been built into our software. This means that all you need to do is enter some key, simple inputs to generate a whole library of engagement letters in a matter of minutes. You’ll be safe in the knowledge that however complex your clients are, the right engagement letter is in easy reach.
Who Are The Experts Behind OverSuite?
OverSuite works continuously with leading experts in the UK on regulatory compliance and professional ethics for accountants and their clients.
For over 30 years Valerie Steward has worked with accountancy practices, helping them to develop their businesses and remain compliant.
She has authored and co-authored a number of technical guides, work programmes on audit and anti-money laundering and practical aids such as engagement letters as well as publications on practice management and the not for profit sector.
She specialises in the not for profit sector lecturing and advising on charities and cooperatives of all sizes. She is actively involved in the charity sector, acting as a trustee as well as her involvement in the technical aspects of the sector.
As Head of Standards, Ian led ACCA’s work in all areas of regulatory policy, including emerging areas such as legal services and anti-money laundering supervision. He sat on working groups concerned with areas such as legal services regulation, ethics, money laundering and financial crime (including at CCAB and Accountancy Europe), and was responsible for the development of the ACCA Rulebook.
Since leaving ACCA, Ian has pursued his interests as a consultant. He enjoys providing solutions in the various areas of professional ethics, regulatory compliance and support for small practices, and particularly enjoys focusing on anti-money laundering compliance solutions for professional bodies, accountancy practices and their clients.
The most protective and compliant engagement letters are yours in minutes
- With over 30 years’ experience in compliance & risk, our forefront experts have developed the best Engagement Letters for you
- We ensure they meet the highest standards of AAT, ACCA, AIA, ATT, CAI, CIMA, CIPFA, CIT, CPAA, IAB, ICAEW, ICAS, ICB, ICPA & IFA
- With regulations constantly changing, our engagement letters are constantly evolving, live in your app
- Client-friendly & easy to understand, our letters are written in plain English
- Commercially considered for progressive accounting businesses
- Auto-generated via our wizard, but still easily editable
Smart Engagement Letters
We want your firm to meet the highest standards of risk and compliance in the accounting industry, with as little effort as possible required from you.
With simple inputs within your knowledge, you can build letters of engagement
What if you had a team of experts, constantly reviewing the regulatory landscape, working with your firm and giving your clients the highest levels of protection? With OverSuite, there’s no need to imagine.
Smart Terms & Conditions
Unless your terms & conditions are produced by an expert, it’s unlikely they will cover you for all eventualities. They’re difficult to understand for many, and are expensive to produce. OverSuite T&C’s have been crafted by one of the UK’s leading risk experts to ensure they’re the most comprehensive ones available to you on the market.
Easily update them as your firm grows, and rest assured that they even include a GDPR compliant Privacy Notice.
Questions About OverSuite
How much does it cost?
The OverSuite Basic pack costs £37/month (send up to 15 engagement letters)
The OverSuite Standard pack costs £50/month (send up to 30 engagement letters)
The OverSuite Premium pack costs £75/month (send unlimited engagement letters)
Is OverSuite only available in the UK?
Initially yes. The engagement letters are only for UK accounting and bookkeeping businesses as the contents follow UK legislation.
Will we be fully protected with these letters?
It’s never possible to fully mitigate risk, but our engagement letters will protect you as much as possible. We have worked with the country’s leading compliance experts for the accounting industry. Our experts are constantly updating to contents in line with any regulatory changes, to remove any vulnerabilities for you going forward.
FREE Practice Assurance Checklist
Download our clear inspection checklist, produced by leading compliance experts
to ensure you're fully prepared for your next practice assurance visit
Free Download
