There has been much debate recently about rotating auditors to give “fresh looks” a chance.
As a guide the SEC requires companies to publish three years’ worth of statements of income and expense and cash flows.
I suggest three-year audit engagements may be in order to comply with the “fresh look” theory.
Frank Thomas Murphy, CPA
Glendale, California
SPONSORED REPORT
CPEOs provide peace of mind around payroll servicesThe creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.
QUIZ
Pronoun practice to help polish your proseUsing pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.