Path: Articles of Interest Welcome: Guest
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Here are some articles of interest...  
  What Kind of Business Do I Want to Form?
CPE Audit!  What Now?
Verifying Client Information
When is a Financial Presentation a Compilation?
Engagement Letter: An Essential Risk Management Tool
New Peer Review Process to Affect Arizona CPAs
What is the difference between a Compilation, a Review and an Audit?
 
   
 What Kind of Business Do I Want to Form?  
  For the convenience of those considering forming a new firm or changing the structure of an existing one, we have attached a hyperlink to an article that ran in the Arizona Republic in July, 2006.  It does an excellent job of explaining various business structures, the difference between a sole practitioner and a solely-owned firm and the tax difference between the two.

Business Article
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 CPE Audit!  What Now?  
  On a monthly basis, the Board database randomly generates a list of names from the current/active list of CPA's certified with the ABA.  These registrants are notified that their prior renewal's CPE submission is being audited.  If you are wondering what to do should your name be selected, you will find the attached article published by the Arizona Society of CPA's to be very helpful.

Business Article
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 Verifying Client Information  
  The North Carolina State Board of Certified Public Accountant Examiners (NCSB) published an article regarding providing letters of verification for lenders and loan brokers. It contains some excellent insight into the dangers of providing an attest letter for non-attest work.

Business Article

2008 update: In February 2008, the NCSB published an update of this article in its effort to keep the industry abreast of changes:

Business Article
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 When is a Financial Presentation a Compilation?  
  To assist the professional in determining if a compilation engagement has been performed, once again the North Carolina State Board of Certified Public Accountant Examiners has published an article for the benefit of the profession.

Business Article
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 Engagement Letter: An Essential Risk Management Tool  
  Find out how to avoid a lawsuit by managing your client's expectation of your services. The North Carolina State Board of Certified Public Accountant Examiners has published another important article for CPAs and CPA firms.

Business Article
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 New Peer Review Process to Affect Arizona CPAs  
  The Arizona Society of Certified Public Accountants published in their November 2009 AZCPA issue that CPAs will continue to use the current peer review process until the State Board of Accountancy takes action and the law changes.

The Facilitated State Board Access (FSBA) is a new process that will address the demand for greater peer review transparency. This is a program that the American Institute of CPAs (AICPA) has created to help the profession keep up with the evolving changes in the business and regulatory environments.

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 What is the difference between a Compilation, a Review and an Audit?  
  The following article describes the differences between different levels of service that a CPA can engage with a client. These are terms that are used on registrations for individual CPAs and firms and used often in peer review and compliance.

Business Article
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