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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. Today’s clients are generally making more demands and expecting broader services at a time when CPAs are becoming more … Read more

Signed engagement letters help CPA firms improve communication with clients and protect the firm from litigation as “the first line of defense.” Use the following tips to help you write more effective engagement letters. Engagement letters should… State the purpose of the engagement. Define the scope and limits of the engagement. Specify known negative conditions … Read more

We’re happy to announce that we are offering four new webcasts and will continue to record new risk management content over the next several months. In addition, we are offering a wide selection of self-study courses leased from Checkpoint Learning. And as a reminder, all of our CPE is available to all members of an … Read more

CPA firms receiving requests from lenders for creditworthiness verifications for clients who had requested Paycheck Protection Program (PPP) loans were often unsure of how to respond. The advice CAMICO gave CPAs assisting their clients with PPP loan applications is valid for similar circumstances in which a lender wishes the borrower’s CPA to provide creditworthiness feedback … Read more

Subject: Business Management Services; Wire Transfer Fraud John Duval, CPA, had been engaged for several years by a high-net-worth client, Ed Robertson, who developed commercial and residential real estate. Duval provided business management and bill-paying services, which included wire transfer authority to pay Robertson’s bills and transfer funds. Robertson did not want to be interrupted … Read more