CPA Continuing Education Class: Internal Control Best Practices

This course provides practical guidance for those involved with internal control responsibilities (auditing, monitoring, implementing, etc.) in adapting the 2013 COSO Internal Control – Integrated Framework (the COSO framework) to small and medium-sized entities. Internal control concepts are applicable to every entity, regardless of size. However, there is no “one size fits all” set of…

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CPA Continuing Education Class: Preventing Fraud Schemes

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds. Another major reason is that…

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Finding Your Niche When Starting a Business

If you want to start a business or buy a business which is already established, you must choose the right niche. For this, you can list all your passions and interests and look for one that you can turn into a business. You must also know about the time that will be required to operate…

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Will Baby Boomers Ever Leave the Stage

The Baby Boomers, that generation of 77 million Americans born right after World War II (1946-1964), have helped shape American culture at every stage of their lives. In their youth, they embraced Elvis and the Beatles, “free love”, and the counter-cultural revolution of the 1960s. In the 1970s and 1980s, most of them traded in…

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CPA and Accounting Practice Succession in 2019 – Part 4 of 4

There are 3 previous blogs related to this final blog on CPA succession in 2019 and beyond.  This final blog will provide a checklist, so to speak of the different ways one should prepare and plan for succession.  Mergers have become the preferred method for buyers who generally provide some cash to the selling firm…

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