Your CAS Engagement Letter Needs a Reset Option

Even with the best definitions, scopes can change. Here’s what to include.

By Hitendra Patil
Client Accounting Services: The Definitive Success Guide

“People think of us (accountants) as the compliance agents – the necessary evil.”

This sentence haunts me even today, after hearing it nearly 15 years ago from a multi-award-winning, highly experienced CPA.

Perception!

MORE: Structure Insights as What-Why-What | CAS Reports Are Better. Here’s How. | Is It Time for Your Firm to Outsource? | Raise CAS Awareness Among Your Clients | Which Clients Are Best for CAS | How Much Can Automating Bank Feeds Save You? | Wants vs. Needs: Why Not Fill Both? | Get Sticky with CAS | Who Is the Professional?
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Has the accounting profession’s brand been (predominantly) perceived as “compliance” only?

“We deal with the past. We do audits. And we deal with the present. We do taxes and books. Future – is not our business.”