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You are entering into an Accounting Services Agreement with a client who has hired you to review its financials and prepare its annual tax return....
You are entering into an Accounting Services Agreement with a client who has hired you to review its financials and prepare its annual tax return. Questions:a) Identify four (4) important clauses that should be expressly stated in the agreement to clearly set out the intentions of the parties. b) For each clause, provide sample wording (ie. actually write out the clause) and explain its importance (ie. how does it protect you from liability, minimize risk).c) In the event of a dispute regarding the interpretation of a clause, what are 3 rules of construction will the court apply?d) Assuming this is a standard form agreement what should the accountant do to ensure that the client understands the terms of the agreement?
