Copy and paste the paragraph below into your engagement letter to comply with the Ethics Rule 301 requiring written consent when submitting client data on an anonymous basis for benchmarking purposes.
The below information is provided courtesy of Ralph Picardi, Esq., CPA of Lapping & Picardi and the North American Professional Liability Insurance Agency, LLC.
Please refer to http://www.naplia.com/rule301/ as the source of this disclaimer.
Copy and paste:
During the course of our professional practice, from time to time, with the prior written consent of our clients, we provide our clients' confidential accounting and/or financial data, without the clients being specifically identified, to a third party, Sageworks, Inc., for research and/or benchmarking purposes. In the course of this engagement, or thereafter, we may wish to provide your confidential data to that third party in such a format. By your signature on this letter you may expressly authorize us to make such disclosure of your confidential accounting and/or financial data, as we may elect within our discretion, with the understanding that, in doing so, you will not be specifically identified.