Firm operations

TOPICS / FIRM PRACTICE MANAGEMENT

September 1, 2023

Innovation for the modern accounting firm

Cathy Rowe, Vice President and Segment Leader, US Professional Market, Wolters Kluwer Tax & Accounting North America, discusses why innovation is critical to the modern accounting firm’s success.

August 1, 2023

Succession and practice continuation agreements

Entering into a practice continuation agreement with another CPA can help you plan and prepare for the unimaginable, giving you, your clients, and your next of kin some peace of mind.

June 20, 2023

Why accounting firms need a strong strategic plan

As accounting firms look to transform their business model to keep pace with marketplace and demographic changes, it is imperative that they have a written strategic plan. This article outlines the plan’s elements and explains their value.

May 1, 2023

Bad billing practices can affect malpractice risk

Billing and collection practices may not be perceived as a professional liability risk issue, but proactively managing this risk is important to more than just a firm’s financial health. Learn why.

April 20, 2023

How one firm transformed its partner compensation model

A firm leader and one of the firm’s income partners go into detail on how the firm’s approach to partner compensation has created a more unified work environment.

March 30, 2023

Mitigating employment practices liability risks

Learn about common employment practices liability insurance claims against CPA firms and how to help avoid them.

March 1, 2023

Lessons for every CPA firm from public audit

Keep a close eye on your internal controls and reduce the risk of regulatory action against your firm.

February 1, 2023

How the FTC Safeguards Rule may affect your CPA firm

Federal Trade Commission guidelines intended to help protect financial institution customer information may apply to CPAs.

January 1, 2023

Client breakups can create malpractice risk

When clients divorce, CPAs should take steps to avoid getting caught up in their dispute.

December 1, 2022

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.

November 1, 2022

Ask the Expert: The rise of contactless tax services

John Sapp is the chief revenue officer at Drake Software, one of the largest professional tax software companies in the nation. As a certified public accountant since 1987, he has considerable experience in public and private accounting for the technology industry.

November 1, 2022

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.

October 27, 2022

Q&A: The 2 most prevalent cyberthreats for CPA firms

The co-author of the JofA’s Professional Liability Spotlight column discusses common strategies used by cybercriminals and how they can be mitigated.

September 1, 2022

Cybersecurity risk: Constant vigilance required

These tips can help diminish the likelihood and
impact of a cyberattack.

August 1, 2022

2022 tax software survey

CPAs assess how their return preparation products performed.

August 1, 2022

Malpractice claims in 2021 and future predictions

A look at claims against CPA firms in 2021 reveals some changes from prior years and points to future trends in this area.

July 1, 2022

Kovel agreement basics for you and your client

Kovel agreements, where an attorney, rather than the client, engages a CPA, may provide the client greater protection by extending attorney-client and attorney work product privileges to the CPA.

June 1, 2022

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.

June 1, 2022

Is it time to rethink your firm’s physical footprint?

The rise of remote work is an opportunity to
evaluate where work gets done.

May 17, 2022

Why a busy-season debrief has value, and why it’s not just for tax teams

Three CPAs discuss the importance of planning to have a debrief after an intense period of work, whether tax season or a busy sales cycle, in this podcast with transcript.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.