AUGUST 2011 BEST PRACTICE SUGGESTIONS

Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for August 2011.

BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Management/People/Culture
Enterprise Risk Management: Create a plan to deal with any risk (avoid, reduce, or accept) that may hinder achievement of an important objective of the firm.
August 2011
Partner Value: Determine whether every partner is using his/her non-billable time to enhance the firm's value?
August 2011
Vulnerability Makes You More Relatable: Being vulnerable can be about releasing the need to know everything and to be right, admitting that you have made a mistake.
August 2011
Cheating on Time Sheets: With value pricing there are no time sheets, so there is no lying to justify an invoice to a client.
August 2011