Local firm management news from around the web: March 12 – 16, 2018

Written on Mar 14, 2018

Video: Hackers target CPA computer network
The IRS is issuing multiple warnings urging all tax preparers to be on “high alert” and “step up security.”

Why it’s difficult to make money on small audits
Small firm practitioners can offer lots of answers as to why it is difficult to profit from small audits. Ever-changing professional standards, increasing quality control requirements, using standard “one-size-fits-all” audit documentation and increasing legal liability to name a few. The problem is that knowing the answer doesn’t solve the problem!

ASB issues auditing interpretation on dual reporting
The AICPA Auditing Standards Board (ASB) has issued an interpretation to help auditors comply with reporting requirements under both AU-C Section 700 and PCAOB Auditing Standard No. 3101.

10 things to get your client to remember you
In order to engage your clients, you need to focus on what they love, avoid what they don’t, assess your marketing methods and business style and challenge yourself (and your firm) to improve your client satisfaction.

Tech Corner: How to check if your password has been stolen
Many websites have leaked passwords. Attackers can download databases of usernames and passwords and use them to “hack” your accounts. This is why you shouldn’t reuse passwords.

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