Learn about the new content in the engagement letter.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Analyze key legal and professional updates requiring revisions to valuation engagement letters, including the standard of care for a "good faith opinion" and new AI disclosure requirements.
- Evaluate the role of AI tools in the valuation process and integrate appropriate use, limitation, and reliance clauses into engagement letters to manage client expectations and mitigate risk.
- Apply best-practice, "best-in-class" engagement letter formats that clearly define scope, assumptions, deliverables, and terms of use for valuation reports in a defensible manner.
Major Topics
- Good Faith opinion
- Use of AI tools
- The best in class formats
