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Accounting Fraud Never Sleeps—and the SEC Plans to Prove It.
Earlier this year, the New York Times reported that the SEC was “bringin’ sexy back” to accounting investigations. That’s probably not good news for those auditing public companies. In 2002,...
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Sidestepping The Advertising Trap
In a recent Wilson Elser Client Alert, “A Trap for the Unwary Advertiser ,” Tom Manisero (Partner-White Plains) discusses a practice that can trip up accountants looking to use their current client...
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If a Tree Falls … Who Will be Listening?
I recently posed the following question to small-firm CPAs: If you become disabled or die tomorrow, what would happen to your accounting practice? If you haven’t planned for this possibility, the...
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Revisiting Restrictive Covenants
Accounting firms often use post-employment restrictive covenants to prevent their clients and employees from being poached by departing partners and employees. As the number of accountants moving...
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Don’t “Dabble” in Employee Benefit Plan Auditing
For years, U.S. Department of Labor Chief Accountant Ian Dingwall has been advising employee benefit plan administrators to avoid using auditors who “dabble” in employee benefit plans. During this...
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CPAs Need to Sharpen Awareness of IT Threats
In the most recent “North America Top Technology Initiatives Survey Results,” CPAs responding to the poll ranked “securing the IT environment” as the number-one priority, followed by “managing and...
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Deloitte’s $500 Million Sentence
We have assisted many accounting firms in the creation or revision of their client engagement letters. They very often question the need to include certain provisions intended to limit their liability...
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Accountants M&A Alert: New AICPA Guidance on Transfer of Client Files
If you are selling or acquiring an accounting practice, you need to read the AICPA’s new guidance “Transfer of Files and Return of Client Records in Sale, Transfer, Discontinuance or Acquisition of a...
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