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The Accounting Engagement Letter serves as the foundational document establishing a professional service relationship between an accounting firm and its client under Danish law. This document is essential when initiating new accounting service arrangements or updating existing ones, typically used prior to commencing any accounting, auditing, or related financial services. The letter comprehensively outlines the scope of services, professional standards, and mutual obligations while ensuring compliance with Danish regulations, including the Ã…rsregnskabsloven and Revisorloven. It addresses key aspects such as fee structures, service deliverables, confidentiality requirements, and data protection measures in accordance with GDPR and Danish professional standards.

1. Letterhead and Date: Accounting firm's official letterhead including firm name, address, registration numbers, and date of the letter

2. Client Address and Details: Full legal name and address of the client entity or individual

3. Engagement Introduction: Opening paragraph confirming the client's request for services and the accountant's acceptance to provide them

4. Scope of Services: Detailed description of the specific accounting services to be provided, including type of work, deliverables, and any limitations

5. Professional Standards: Reference to applicable professional standards, regulations, and legal requirements under Danish law

6. Client Responsibilities: Clear outline of the client's obligations, including providing accurate information and required documentation

7. Fees and Payment Terms: Detailed fee structure, billing arrangements, and payment terms

8. Timeline and Deliverables: Expected timeframes for service delivery and key milestone dates

9. Confidentiality and Data Protection: Commitments regarding confidentiality and GDPR compliance

10. Limitation of Liability: Terms limiting the accounting firm's liability in accordance with Danish law

11. Termination Provisions: Conditions and process for terminating the engagement

12. Acceptance and Signature: Signature blocks for both parties and instructions for accepting the engagement