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This is a notice for site visitors
By Duncan B. Will, CPA/ABV/CFF, CFE The AICPA’s Statements on Quality Management Standards’ (“SQMS”) December 15, 2025, effective date is fast approaching, and few firms are prepared. Since the SQMS were issued in June 2022, the AICPA has produced a plethora of related content. This article is not intended as a treatise on the SQMS. … Read more
With more than 60% of CAMICO’s claims originating from tax-related matters, addressing and managing the risk stress points associated with problematic tax clients can significantly improve a firm’s risk profile. There is no better time than now, before the final phase of tax season, to take proactive steps to better position your firm to ensure … Read more
In today’s digital landscape, it is no surprise that there appears to be a new cybersecurity story in the news every week, from attacks on major infrastructure to small companies being held for ransom. The risk of cyber threats continues to grow for CPA firms, along with other professional services firms, as all are considered … Read more
The role of CPA firms who perform “outsourced accounting services” for their clients has greatly expanded over the years into what many today refer to as “client advisory services and/or client accounting services” (“CAS”). With the evolution of CAS, many CPAs have questioned the appropriateness of applying the “preparation standards” (“AR-C 70”) set forth in … Read more
Julie Schilling, CPA, became Chief Financial Officer on January 1, 2025. What have you enjoyed most about your role as CFO so far?Schilling: I’m learning something new almost daily, which satisfies one of my core personal values: making learning a consistent part of life. The relationships that I’ve formed have been equally rewarding. I’ve … Read more
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