Practice Management / Succession Planning
Many owner/partners of CPA firms know their future retirement likely will be funded by elevating other members to owner status, but before they do that, they must resolve a number of financial issues. This article describes some of them, along with time-tested formulas parties can use to negotiate fair terms for buying or selling a partnership interest in a CPA firm.
Fraud
If the world’s most famous fictional detective were solving today’s corporate crimes, he probably would be a CPA, too. That’s because it takes both accounting knowledge and the unique skills of a detective to uncover fraud. In part one of this two-part series on fraud investigating, auditors will learn about the skills needed to uncover a fraud and how such an investigation differs from an audit.
Professional Ethics
An upcoming member vote will determine the outcome of two proposals that aim to enhance the ethics enforcement process and strengthen public confidence in the profession’s ability to oversee itself.
Personal Financial Planning
What’s the best way to accumulate assets for retirement? At a time of declining stock market returns, employer cutbacks in qualified plans and ever-changing tax laws, CPAs can help clients figure out how to accumulate enough capital to ensure a safe and secure retirement.
Fraud / Technology Workshop
With a few adjustments, you can transform Excel from a simple electronic spreadsheet tool into a financial detective—uncovering bookkeeping errors and even fraud.
Insurance Issues
CPAs can help businesses keep group health insurance costs in line before the staggering premium increases lead to cuts in coverage.
Business & Industry
The changes Sarbanes-Oxley and SAS no. 99 have engendered will add many hours to the already busy days of corporate CPAs. The bottom line: It will no longer be business as usual. Here’s what to expect.
Business Valuation
Clients need business valuations (BV) for varied reasons, some of which have an emotional component (as in death, divorce or retirement, for example), so they often are anxious about the process. That makes it especially important they understand how BV works. This article offers instruction on how to frame a BV engagement to minimize missteps.