Firm & Practice Management
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 American Institute of CPAs’ 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.
Posted: November 9, 2017
While QuickBooks is likely to remain the gold standard in bookkeeping, there are a number of reasons for smaller clients to consider other options. Here are a few that work for small businesses.
Posted: September 25, 2017
A short (and hopefully useful) list of the major challenges one CPA faced on his journey from obscurity to small, happy accounting practice.
Posted: September 19, 2017
With multifaceted clients doing business in high-tech ways, your firm needs critical insight to meet clients' growing demands and to thrive in this environment. Here are nine surprising facts that can keep your practice strong.