A dually signed engagement letter is always the best way to document agreed-upon services, especially if a disagreement arises.
Practice growth & client service
Integrating client advisory services can be challenging for a traditional CPA firm. Here are four steps to do it successfully.
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.
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.
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.
CPAs can increase their value to clients by providing sound cash-handling advice. Test your knowledge with this quiz.
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.
Sustainability teams are breaking new ground in accounting firms — but staffing and training remain a challenge.
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.
Great relationships with clients can be achieved and maintained by proactive communication practices.
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.
Choose both clients and software programs with an eye to efficiency and repeatability.
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.
Firms can build on the relationships with clients that were bolstered during the pandemic.
Firms can turn the connections built doing work related to COVID-19 programs into long-term business opportunities.
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.
In addition to creating unnecessary stress for CPAs, clients who fail to respond timely increase a CPA firm’s professional liability risk.
Through outsourced CFO and controllership services, CPAs can provide entrepreneurs and small businesses with the support they need to succeed, according to Ozlem Davis, CPA/CFF.
MAP survey finds big differences in per partner revenue, profit, and compensation.
Firm leaders can use the data they gather from client feedback systems to streamline processes and reduce strain on staff.