Info You Can Use

News Alerts, Guidelines, FAQs, Scam Warnings, Local, State, & Federal Agency News, Etc.

Note: Use the up/down triangle (to the left of “link”)  to sort each section in ascending or descending order

FAQs & Guidelines

FAQs: CPA Firm Registrationdownload
FAQs: Commissionsdownload
Guidelines: Alternative Business Structure (ABS)download
FAQs: Non-CPA Ownership of a Firmdownload

 Local, State, & Federal Agency News

NC Dept. of Revenue: Taxpayer May Contest Determination that Amended Return or Claim Not Filed within Statute of Limitationsdownload
NC Dept. of Revenue: Opinion Letter - Privilege Licensedownload
NC State Bar: Monthly Trust Account Reportdownload
NC State Bar: Trust Account Reconciliation Sheetdownload
NC State Bar: Trust Account Quarterly Review Worksheetdownload
NC State Bar: Complying with Amended Trust Account Rulesdownload
NC State Bar: Trust Account Rules 8-2016download
NC State Bar: Amended Trust Account Rules Approved by Supreme Courtdownload
IRS Publication 4600: Safeguarding Taxpayer Informationdownload
IRS Publication 5027: Identity Theft Information for Taxpayersdownload
IRS Publication 5199: Tax Preparer Guide to Identity Theftdownload
IRS: Protect Your Clients, Protect Yourselfdownload
IRS Taxpayer Guide to Identity Theftdownload
IRS: Identity Theft Information for Tax Preparersdownload
IRS: Report Phishing and Online Scamsdownload
NC Dept of Revenue: Tax Related ID Theftdownload
IRS Pub 4557: Safeguarding Taxpayer Datadownload
NC Department of Revenue: Am I Required to Have a Privilege License?download
11-2017 Privilege License Technical Bulletindownload
NCDOR Privilege License Tax Technical Bulletin 11-2018download

Comfort Letters/Third-Party Verification Requests

Need Third-Party Verification? Ask a CPA for Guidance (from AICPA)download
How to Respond to a Comfort Letter/Third-Party Verification Request (from AICPA)download
AICPA Position Statement: Third-Party Verification Requests aka Comfort Lettersdownload
Template for Comfort Letter/Third-Party Verification Request Presentation to Bankers/Lenders (from AICPA)download
Comfort Letter Response Matrix (from AICPA)download
Third-Party Verification Letters: Questions and Answers (from AICPA)download
Activity Review Articles on Comfort Lettersdownload

Engagement Letters

The Importance of Engagement Letters for Small Firmsdownload
Setting Expectations: How Engagement Letters Help Manage Professional Liability Riskdownload

Succession Planning & Practice Continuation Agreements

Succession Challenges for US CPA Firms to Tackledownload
Succession Planning: It's Not a Spectator Sportdownload
Practice Continuation Agreements: A Practice Survival Kit (2016)download