Firm & Practice Management
Posted: April 17, 2018
For accountants, nothing is more important than keeping data secure. Multiple methods of protection use encryption to ensure only those authorized to use our data possess the ability to access it.
Posted: April 9, 2018
Owners with a company in pristine condition are rewarded with a top-dollar offer, while businesses that need improvement or lack a key component are more likely to be passed over, garnering few – if any – offers. Here is some advice to keep sellers on track.
Posted: April 6, 2018
Research shows risks are rising in volume and in complexity. Avoid these common pitfalls to better protect your organization from risk.
Posted: March 16, 2018
Accounting firms of all sizes have been challenged to measure and manage partner performance using quantitative Key Performance Indicators (KPIs) for partner performance. Such KPIs include revenue per partner, new business generated, chargeable hours, partner realization rates and write-offs.
Posted: March 16, 2018
What role can the CPA play in protecting entities from the potential devastating results caused by a successful cyber-attack? The AICPA’s latest assurance service, Reporting on an Entity’s Cybersecurity Risk Management Program and Controls, allows CPAs to be proactive in safeguarding clients’ cyber systems and data.
Posted: February 28, 2018
Cybersecurity breaches are more costly in the United States than anywhere else in the world. Businesses need to take an offensive approach to protect themselves.
Posted: February 14, 2018
A robust engagement letter could be the difference between a solid client relationship and a costly lawsuit. Consider the experiences of your fellow CPAs who have -- and have not -- used engagement letters.
Posted: February 9, 2018
The three sides of the fraud triangle are incentives/pressures, rationalization and opportunity. Segregation of duties plays a significant role in preventing fraud because collusion is then required in order to perpetrate the fraud.
Posted: November 22, 2017
Identifying which key performance indicators are the right fit for your firm is no easy task. From measuring performance over time or against a budget to more qualitative metrics, such as how effective processes are, there is no 'one size fits all' when it comes to monitoring your firms KPIs. Here are some tips.
Posted: November 21, 2017
Whether your firm’s value proposition is peace of mind, saved time or a healthier cash position, value billing can be both exciting and rewarding for all players. Find out how it helps.