Accounting Firm Best Practices  (AFB4-PR)

4.00 CPE Credit Hours

This course will help identify best practices and top trends for accounting firms to help establish highly effective, efficient and successful practices. We will explore best practices in various service areas to enable practitioners to provide high value-added services while maintaining client confidentiality and protection of confidential information and data, and development through implementation of procedures and processes to ensure accounting firm practice success. In the words of Albert Einstein, "the definition of insanity is doing the same thing over and over again and expecting different results."

Designed For
Practitioners in small to medium-sized public accounting firms, as well as CPAs looking to launch/ start an accounting practice, and who desire to build a quality-oriented and successful practice in both attest and/ or nonattest professional services.

Objective

Participants will be able to:

• Identify potential enhancements to existing practice areas to raise controls, efficiencies and the value of provided professional services
• Identify potential new practice areas to organically grow and expand valuable client services
• Identify the complementary practice needs to professionally diversify the practice beyond core compliance services, while ensuring quality controls and due-professional care necessary to ensure greater value-added results for clients

Highlights

• What are the best practice alternatives and recommendations for providing tax preparation and compliance, including desktop versus cloud controls?
• When providing financial statements and/or financial reporting, what are the best practices of controls and compliance in SAS, SSARS and SSAE services?
• What are the best practices for establishing and maintaining a system of quality control for a CPA accounting and auditing practice?
• What are the best practice ideas and recommendations for establishing, providing and maintaining client accounting services?
• What are the best practice policies and procedures for conducting consulting and advisory services?
• What are best practices and key concepts in developing service niches?
• What are best practices in client acceptance and continuation?

Prerequisites
None

Advanced Preparation
None

Developer
Kaplan Loscalzo

Presenters
Ed Zollars,

Level of Knowledge
Update