How CPAs focused on advisory services can answer several common questions
A leader in client advisory services shares strategies for growing your CAS practice by delighting clients in this podcast episode with transcript.
Practice growth & client service
Private equity eyes accounting firms large and small
Private-equity investors are increasingly buying into accounting firms. The deals, which carry risks and benefits for the profession, change the way the firms operate.
Innovative CPA firm leader: ‘We never had a fear of trying’
The co-founder of a leading CPA firm explains why Monday is his favorite day of the week, how his firm got out of the “rat race” of hourly billing, and how it has adapted after a merger in this podcast episode with transcript.
CAS practices report growth, optimism for the future
Client advisory services (CAS) practices reported a median growth rate of 16% over the previous year and projected 15% growth in the current year, according to a survey conducted by CPA.com and AICPA & CIMA.
Do I really need a new engagement letter for that?
A dually signed engagement letter is always the best way to document agreed-upon services, especially if a disagreement arises.
4 steps to building a successful CAS practice in a traditional CPA firm
Integrating client advisory services can be challenging for a traditional CPA firm. Here are four steps to do it successfully.
Working with third-party experts
When a CPA firm engages a third party to help a client with an issue that requires special expertise, the firm may still be held liable for deficiencies in the third-party expert’s work. Professional standards outline steps a firm can take to mitigate this risk.
Deliver business insights with CAS 2.0
Client advisory services is the fastest-growing service area in the profession, and some firms have begun to differentiate themselves by providing not only financial services but also strategic business insights.
IRS annual inflation adjustments, negotiating a job offer, and a quiz
This quick-hitting episode covers recent news of interest, including IRS and Social Security Administration annual announcements, why the AICPA is requesting guidance from the IRS and Treasury, and advice for negotiating after you’ve received a job offer.
Helping clients reduce cash-handling risks — test your knowledge
CPAs can increase their value to clients by providing sound cash-handling advice. Test your knowledge with this quiz.
Fraud risk applies to all CPA firm services
Regardless of the services they provide, CPAs can face professional liability claims asserting that they failed to detect a theft or fraud at a client organization.
How firms are seizing the ESG opportunity
Sustainability teams are breaking new ground in accounting firms — but staffing and training remain a challenge.
Rogue behavior: Risks your CPA firm should avoid
Claim experience of the AICPA Professional Liability Insurance Program has demonstrated that rogue behavior, especially at the partner level, can lead to professional liability claims.
5 steps to managing client expectations
Great relationships with clients can be achieved and maintained by proactive communication practices.
A finance transformation case study, plus a news roundup
Two consulting company leaders explain the ins and outs of finance transformation and what they learned from a recent client example. Also, get caught up on news related to several CPA-centric topics.
8 insights from top-performing CAS practices
Choose both clients and software programs with an eye to efficiency and repeatability.
The role of accounting firms amid the crisis in Ukraine
The Russian invasion of Ukraine is taking place more than 4,000 miles from the United States, but the uncertainty and economic stress caused by the war means that business leaders need trusted advice and calm counsel. That’s where accountants can play a key role.
The legacy of the Paycheck Protection Program
Firms can build on the relationships with clients that were bolstered during the pandemic.
PPP, ERC can lead to sustained business for CPA firms
Firms can turn the connections built doing work related to COVID-19 programs into long-term business opportunities.
What CAS practice leaders should focus on in 2022 and beyond
An accounting profession leader analyzes a recent benchmark survey on CAS practices and shares why talent management must be a focus area for firms in this podcast with transcript.
