Question: The client has reviewed the draft engagement letter and has requested various changes. One change includes removing the Indemnification provision language from the engagement letter.

The client has reviewed the draft engagement letter and has requested various changes. One change includes removing the Indemnification provision language from the engagement letter. Upon discussion with OFRO Tax and OGC, why would PwC not agree to that change request?

It protects PwC against claims made by third parties.

PwC is unlikely to agree to any change in the Indemnification paragraph.

PwC needs to limit its liability cap so it cannot remove the entire paragraph.

The PwC client is located overseas, so this paragraph is not relevant in the PwC US engagement letter.

The client has reviewed the draft engagement

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