Appendix D
Sample Engagement Letter
The following is a sample annotated engagement letter for a typical corporate valuation assignment. This engagement letter is rendered by an appraiser holding credentials from the American Society of Appraisers and the American Institute of Certified Public Accountants. Appraisers holding credentials from the Institute of Business Appraisers, National Association of Certified Valuation Analysts, Canadian Institute of Certified Business Valuators and/or the Institute of Business Appraisers should insert language pertaining to their credentialing body's professional standards. This sample should not be used without careful modification to your specific needs.
PROPOSAL DATE_________________________________
NAME_________________________________
TITLE_________________________________
FIRM_________________________________
ADDRESS1_________________________________
ADDRESS2_________________________________
CITY, STATE ZIP_________________________________
Dear PREFIX LASTNAME:
This letter is in response to your request for a proposal to provide valuation services regarding BUSINESS NAME on behalf of CLIENT NAME. APPRAISAL FIRM has the following understanding of the assignment and proposes services as outlined below.
Our appraisal services constitute neither an audit nor a verification of any entity's underlying financial records. We do not render legal, tax or accounting advice. Our services relate only to the valuation of the business interests noted ...
