What are the ethics of buying a CPA firm?

The purchase or sale of a CPA firm brings into focus a whole new set of ethical considerations for buyers and sellers, as they need to take great care to protect clients’ best interests. Sellers who have built relationships with clients they may have served for many years want to make sure these clients are treated well after the transition.

What to do when a CPA firm is sold?

Under item b of paragraph .01 of the “Transfer of Files and Return of Client Records in Sale, Transfer, Discontinuance or Acquisition of a Practice” interpretation (ET §1.400

Can a CPA tax practitioner engage in illegal conduct?

In addition, the client may engage the CPA tax practitioner to assist in resolving disputes that may be regarded as illegal conduct. Apart from these situations, which are not prohibited conduct under the new proposal, the CPA tax practitioner should continue to follow the ethical guidance under ET Section 1.000.020.

Why is Taylor Dobson, CPA, discontinuing his practice?

Q: Taylor Dobson, CPA, is discontinuing his individual tax preparation practice so he can go work for a medium – size company’s corporate tax department. He sends letters to notify his clients but is not able to reach a person who no longer engages his services.

Why do CPA candidates struggle in practice exams?

Enrol in Ethics & Governance for free practice exams here. Another area in CPA exams where candidates struggle is with the short and long written answer questions in the exam. There a few different reasons but one recurrent theme is poor time management. So why wouldn’t you do a practice exam under the same time pressure?

How much is the CPA ethics and Governance course?

If you want personalised feedback on your practice exam written responses, then enrol in Ethics & Governance Full Focus course for only $100 (yes, it really is only $100) in Semester 1 2018. Our Ethics & Governance practice exams are available in Exam Ready for only $50 (includes feedback on MCQs).