By Ronald C. Parisi, CPA, J.D.
When the familiar faces of your client have been replaced with new management or, worse, a bankruptcy trustee, the only documented understanding with your client will be contained in the engagement letter. By setting out the understanding, you minimize your chances of facing litigation, because the engagement letter will leave little or no room for misunderstanding—a common reason for lawsuits.
Continue reading »
By Ric Rosario, CPA
Many of the problems arising from CPA firm mergers and acquisitions can be traced back to insufficient due diligence, critical thinking, foresight and planning. The first step toward a successful merger or acquisition should be to clarify and agree on the reasons for your firm’s interest in a potential merger. The partners should consider:
Unfortunately, it is highly probable that a CPA will face a business dispute at some point in his or her career. Assuming that a dispute will never arise is not a prudent or wise approach to take with any client or engagement.
Continue reading »
This article highlights some of the practice and risk management techniques firms can employ to bring in and retain clients that are a good fit for the firm.
Continue reading »
With more than 127 million personal information records exposed in 2011, identity theft has led to a swell of fraudulent tax filings, and tens of thousands of honest taxpayers are now subjected to delays in their legitimate refund claims, according to the Internal Revenue Service.
Continue reading »

Stay Connected with CAMICO