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
| Title | Link |
|---|
| FAQs: CPA Firm Registration | download |
| FAQs: Commissions | download |
| Guidelines: Alternative Business Structure (ABS) | download |
| FAQs: Non-CPA Ownership of a Firm | download |
Local, State, & Federal Agency News
| Title | Link |
|---|
| NC Dept. of Revenue: Taxpayer May Contest Determination that Amended Return or Claim Not Filed within Statute of Limitations | download |
| NC Dept. of Revenue: Opinion Letter - Privilege License | download |
| NC State Bar: Monthly Trust Account Report | download |
| NC State Bar: Trust Account Reconciliation Sheet | download |
| NC State Bar: Trust Account Quarterly Review Worksheet | download |
| NC State Bar: Complying with Amended Trust Account Rules | download |
| NC State Bar: Trust Account Rules 8-2016 | download |
| NC State Bar: Amended Trust Account Rules Approved by Supreme Court | download |
| IRS Publication 4600: Safeguarding Taxpayer Information | download |
| IRS Publication 5027: Identity Theft Information for Taxpayers | download |
| IRS Publication 5199: Tax Preparer Guide to Identity Theft | download |
| IRS: Protect Your Clients, Protect Yourself | download |
| IRS Taxpayer Guide to Identity Theft | download |
| IRS: Identity Theft Information for Tax Preparers | download |
| IRS: Report Phishing and Online Scams | download |
| NC Dept of Revenue: Tax Related ID Theft | download |
| IRS Pub 4557: Safeguarding Taxpayer Data | download |
| NC Department of Revenue: Am I Required to Have a Privilege License? | download |
| 11-2017 Privilege License Technical Bulletin | download |
| NCDOR Privilege License Tax Technical Bulletin 11-2018 | download |
Comfort Letters/Third-Party Verification Requests
| Title | Link |
|---|
| 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 Letters | download |
| 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 Letters | download |
Engagement Letters
| Title | Link |
|---|
| The Importance of Engagement Letters for Small Firms | download |
| Setting Expectations: How Engagement Letters Help Manage Professional Liability Risk | download |
Succession Planning & Practice Continuation Agreements
| Title | Link |
|---|
| Succession Challenges for US CPA Firms to Tackle | download |
| Succession Planning: It's Not a Spectator Sport | download |
| Practice Continuation Agreements: A Practice Survival Kit (2016) | download |
