Vol. 5 No. 8, August 2007

Contents (Sources)

*Court Decision Imposes Burdens on Auditors
Auditors have the same responsibility as the client to disclose subsequently discovered errors. (Accounting Today)

*Review Your Insurance Coverage Now
The market for professional liability insurance is improving for CPA firms. (Accounting Today)

*How to Find the Right Acquisition Candidate
Profound insights into the evaluation of potential mergers. (The CPA Journal)

Four Ways to Structure a CPA Firm Sale
The ‘future collections method’ is so popular, many accountants think it is the only way. (AICPA CPA Insider)

How Not to Handle Succession Planning
CPA firms avoid succession planning because of fear. (Accounting Office Management & Administration Report)

When a Leader Thinks He is Better Than the People He Leads
Behavior like this can create distrust among the partners and staff. (Partner’s Report for CPA Firm Owners)

Is Your Firm Immobilized by Politics?
Here are the symptoms of a firm immobilized by politics, along with the remedies.(Partner’s Report for CPA Firm Owners)

Dysfunctional and Underperforming Partners
Accounting firms are no longer lenient with underperforming and dysfunctional partners. (CPA Practice Management Forum)

Innovative Business Development Examples at Accounting Firms
Short case studies on exciting initiatives at several accounting firms. (Practical Accountant)

Teaching Men How to Mentor Women
There aren’t enough women in leadership roles to help other women become leaders. (Bowman FirstAlert)

Part-Time Partners
Part-time partners are no longer anomalies at CPA firms. (Inside Public Accounting)

Mandatory Retirement—a Growing Problem
Retiring partners are becoming more difficult to replace. (Inside Public Accounting)

If You Can’t Hire, Learn to Keep What You Have
How to improve employee loyalty. (Accounting Today)

Future of the Profession—What the Best Thinkers are Predicting
Here is what 18 of the leading observers of the profession think about its future. (Bowman FirstAlert)

SOX Audits of Small Companies Should be Delayed Because CPAs are Too Conservative
The SEC and PCAOB are being urged to delay implementation of internal control audits of small companies for at least a year. (Accounting Today)

Women Not Gaining Much as Leaders
The number of women at the senior level and above has increased, but not by much. (Practical Accountant)

If You Really Want to Satisfy Your Clients
Small firms tell what they have learned about pleasing clients. (CPA Trendlines)

The Family Office Practice
An increasingly popular idea is to offer these services through multi-family practices. (Journal of Accountancy)

A Marketing Ideas Checklist
A comprehensive list of marketing ideas. (CPA Trendlines)

Designing a Pipeline Report
Use a simple Excel spreadsheet to measure and improve new business. (CPA Practice Management Forum)

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