Canadian audit overseer reports problems and solutions

The Canadian audit oversight body, the Canadian Public Accountability Board, announced Friday that last year they deregistered a small firm in Vancouver (which has since gone out of business) and prevented three other small firms from accepting new client due to deficiencies in their audits discovered upon inspection. My initial thought was, these small firms […]

Blogs can be important marketing tools

Originally published in The Bottom Line February 2007 print edition only. Blogs are all about having more personal and meaningful conversations with an audience about a topic. When you’re an accountant or accounting firm, blogs are a way to reach people interested in your expertise, whether they’re fellow accountants interested in discussing the profession or […]

Quit today, get hired back tomorrow

A recent story by the AP highlighted an interesting byproduct of the CA shortage – employees who leave their job at accounting firms are being actively recruited back to rejoin their former firm. Seems employers have realized that more often than not in the accounting business employees leave to explore different career options but leave […]

The case for digitized perm files

Having lugged around three thick files representing the full permanent file for an audit client for the past few weeks, I’ve come to the conclusion that my firm needs to consider digitizing these things. Perm files for accountants consist of client documents that carry forward year to year. For example, engagement letters are good for […]

That quaint value pricing fad

It’s all the rage these days on accounting blogs – value-based pricing. You’ll see it everywhere, hip accountants (Who’s a hipper accountant than one who blogs? One who blogs about value pricing!) posting missives decrying the historical basis of hourly billing and extolling the virtues of pricing based on value. What value pricing means to […]