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This is a notice for site visitors
The Gramm-Leach-Bliley Act (“GLBA”) was passed by Congress in 1999 with bi-partisan support. A component of the GLBA, its Safeguards Rule, was first established in 2003, and required organizations defined as “financial institutions” to establish measures to keep their customers’ private information secure. In accordance with GLBA provisions, the Federal Trade Commission (“FTC”) has authority … Read more
Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate … Read more
CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with a number of rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can minimize their professional liability exposures when … Read more
By Suzanne M. Holl, CPA Engagement and disengagement letters are two of the fundamental building blocks … Read more
By Suzanne M. Holl, CPA CPA firms are experiencing an uptick in clients trying to embed indemnification and hold … Read more
By Suzanne M. Holl, CPA Complying with requests from banks and other lenders for assurances regarding clients’ … Read more