Firm & Practice Management

Professional Liability Developments
 

Professional Liability Developments

Posted: May 16, 2018
While claims generally repeat themselves year to year, there have been some recent developments worthy of discussion. Find out about Foreign Bank Activity Reports (FBARs), late and non-filed returns and network security lapses.

Planning for the Future
 

Planning for the Future

Posted: May 16, 2018
Preparing for the future of one's own firm can be far more daunting to CPAs than planning for those of their clients’. From making themselves more marketable to succession planning for the firm, CPAs today need to not only adapt to changes in the accounting profession but learn to thrive in spite of them.

New Jersey Takes the Lead in Equal Pay Act Legislation
 

New Jersey Takes the Lead in Equal Pay Act Legislation

Posted: May 11, 2018
New Jersey Governor Phil Murphy signed a historic and sweeping equal pay law on April 24, 2018. The new law combats not only gender pay discrimination but also wage discrimination against those protected by the New Jersey Law Against Discrimination.

Responding to a Client’s Request for Defense and Indemnification
 

Responding to a Client’s Request for Defense and Indemnification

Posted: May 11, 2018
Used effectively, an engagement letter can be a flexible and useful tool that describes and defines the engagement between the CPA firm and the client but also serves to appropriately allocate risk between the parties. A CPA firm should not be disconcerted by a client’s request for indemnification.



Protecting Data Using Encryption Basics
 

Protecting Data Using Encryption Basics

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.


KPIs: Going Beyond the Numbers
 

KPIs: Going Beyond the Numbers

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.

AICPA Cybersecurity Risk Framework
 

AICPA Cybersecurity Risk Framework

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.