Path: Articles of Interest Welcome: Guest
 
Due to Governor Ducey's Declaration of Emergency and 8:00 p.m. curfew, the Board of Accountancy will be closed by 4:00 p.m. through June 5, 2020.
 
    Arizona's landscape The Arizona Painted Desert on a sunny day
Here are some articles of interest...  
  Renewing Your CPA License? - Failed Applications on the Rise Due to Poor CPE Reporting
Common Regulatory Pitfalls
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
What is the difference between a Compilation, a Review and an Audit?
 
   
 Renewing Your CPA License? - Failed Applications on the Rise Due to Poor CPE Reporting  
  The following is an article authored by Laura Belval, CPA and John Cotton, CPA, that was published in the June 2013 Arizona Society of CPA’s newsletter to help provide some insight into the Board’s CPE audit process and the importance of CPE record retention.

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 Common Regulatory Pitfalls  
  The following is an article authored by the Board’s Compliance Manager, Ryan P. Edmonson, that was published in the November 2013 Arizona Society of CPA’s newsletter to highlight some of the common regulatory pitfalls that lead to compliance issues that can be easily avoided.

Business Article
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 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.

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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.

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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:

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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.

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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.

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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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