Thinking of starting your own CPA firm but not sure where to begin? Two experts with deep knowledge on the topic detail what it takes, including a focus on managing risk in the early years. Listen to the episode or read the Q&A.
Risk management
Lessons in internal control lapses from major fraud cases
Learn how lapses in segregation of duties contributed to two major embezzlement cases highlighted in the latest Eye on Fraud report. This podcast episode breaks down how internal control gaps emerge — and what organizations can do to strengthen oversight and reduce fraud risk.
Professional liability risks related to Form 1065, CPA firm acquisitions
An author of the JofA’s Professional Liability Spotlight column explains the risks associated with Form 1065 and those related to CPA firm acquisitions. She also shares why a strong employee onboarding process can have risk-management advantages. Listen to the podcast episode or read the Q&A.
Few companies strategically using risk management
Even though most leaders look at risk when evaluating new strategic initiatives and don’t view a lack of value as a barrier to implementation of risk management measures, few put it all together and turn enterprise risk management into a competitive advantage.
AICPA & CIMA Business Resilience Toolkit — levers for action
The toolkit from the AICPA & CIMA includes ways to build supply chain resilience, actions on product innovation and customer diversification, and more.
Features
FROM THIS MONTH'S ISSUE
4 ways solo practitioners can stand out
Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.
