THURSDAY, MAY 7, 2020
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SBA and PPP FORGIVENESS CONSULTING SERVICES ENGAGEMENT LETTER
McGowan Program Administrators strives to stay on top of current issues in the accounting industry and share relevant information that will assist our clients and insurds to minimize their exposure when providing professional services. The enclosed/attached engagement letter has been written by the McGowan Program Administrators risk management team for your use.
This letter has been designed to assist accounting firms when engaged by clients to provide consulting services once the proceeds from a Paycheck Protection Program Loan are received. The Cares Act provides for the Loan to be forgiven and convert to a grant if various conditions are met. Having an engagement letter in place will help to diminish client misunderstandings and ensure that liability exposure is minimized.
If you have further questions about this or other engagement letters used in your accounting practice, please contact Dogan Tuncel.
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This material is provided for informational purposes only and does not provide any coverage or guarantee loss prevention. The examples and circumstances included in the material are provided as hypotheticals and for illustration purposes only. Any recommendations, advice or suggestions provided are for informational purposes only. McGowan Program Administrators makes no warranty on the accuracy of the information contained in the material and specfically disclaim any warranty that acceptance of recommendations, advice or suggestions provided creates an obligation, guarantees loss prevention or compliance with any laws or regulations. By providing this information, McGowan does not assume and specfically disclaims any duty, undertaking or responsibility to you. The decision to accept any recommendations, advice or suggestion must be made by you.
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