Many non-CPA owners of
CPA firms are regulated only by the marketplace.
In his view financial illiteracy threatens the nation's future and is therefore a problem for all
CPAs. "We are the right people--the right profession--to complete this important mission," he said.
Because the PFS designation indicates broad financial knowledge,
CPAs with the credential are appropriate resources for the financial literacy programs of the AICPA and the various state societies.
The Lansing Police Department attempted to establish whether it was meeting the goals established for its
CPA program.
With accounting software becoming more user friendly and cheaper, there's little reason for an independent
CPA to do your check writing, bookkeeping or payroll management.
There seems to be consensus that there's a difference between shareholdings in clients served directly by the
CPA vs.
Koltin,
CPA, and president and CEO of Chicago-based management and marketing consulting firm Practice Development Institute (PDI), says developing a niche means resolving a lot of issues such as "what and how to invest in staff, how to service clients and what risks to take to make money tomorrow vs.
Taking this a step further, the SEC could potentially argue that holding oneself out as providing "estate planning" may also result in losing the exclusion (depending on the scope of the
CPA's services).
Proper selection of a
CPA program coordinator and instructors helps ensure agency acceptance and community support.
If you realize you are incorrectly using the
CPA designation, you can, of course, become a licensed
CPA, choose not to use the designation or get involved in changing the state laws to specifically allow accountants without a current license to use the designation.
In a divorce, each side traditionally hires a
CPA to determine how to separate the couple's finances.
The Pareto Principle's impact on
CPA firms is a frequent topic of discussion.