Specimen Release Letter to Prospective Purchaser and Investigating Accountants May 2022

This is a specimen Release Letter, issued to the Prospective Purchaser of your client;’s business and the Investigating Accountants (acting for the Purchaser) requiring them to hold harmless any matter that comes their attention in their due diligence work. It assumes a proposed purchase of your client’s company is about to take place and that both Audit Working Papers and Tax Papers are to be made available. It will need to be tailored as appropriate for the circumstances of each transaction’.

[This letter often accompanies the ‘Sale of a Business Letter of Engagement – Accountant Acting as Agent Only May 2022’ and the ‘Specimen client authorisation letter – May 2022]