Client Assessment Checklist

CPA firms should evaluate all potential new clients and re-evaluate all current clients on a regular basis, at least annually. This enables the firm to better monitor clients, consider any changes that might affect the professional relationship, and avoid situations that could escalate into crises.

Firms can also stipulate in their engagement letters that the engagement is not binding until client acceptance procedures have been completed.

Three main considerations in the client acceptance process are:

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    Latest Articles

    • 03 Dec

      Client Assessment Checklist

      CPA firms should evaluate all potential new clients and re-evaluate all current clients on a regular basis, at least annually. This enables the firm to better monitor clients, consider any changes that might affect the professional relationship, and avoid situations that could escalate int... read more

    • 08 Oct

      Disengaging to benefit your firm and the client

      The subject of disengaging is typically thought of as (at best) unpleasant, but disengaging can be a practice management tool that increases firm profitability and creates a better situation for both the CPA and the client.

      ... read more