The lowest cost always comes when the person first performing the service does it correctly.
By Ed Mendlowitz
202 Questions and Answers: Managing an Accounting Practice
Question: I want to improve my firm’s review and quality control. Do you have any suggestions?
Response: This is a recurring issue for most firms. Every CPA practice needs quality control. The issue is whether a dedicated quality control (“QC”) person is needed and, if not, how the QC can be done without one.
MORE: Three Ways to Start an Accounting Practice | Fifteen Strategies for First-Time Supervisors | No One Listens to You? Change How You Talk | Free Consultation? Not Always | Measure Knowledge Gaps (Then Close Them) | 47 Types of Business Valuation to Provide | Referral Fee? Forget It | Should You Offer Financial Services? | Thirteen Things to Consider Before You Sell Your Practice | How Much Is Your Tax Practice Worth? | Ready to Retire? Selling Your Practice Is No Strategy | Uncooperative Partner Might Not be the Problem | Merge in Lower-Priced Work without Losing Out | 20 Things You Need for a Business Valuation
Exclusively for PRO Members. Log in here or upgrade to PRO today.
A practice is a business and every business must be run efficiently and profitably. QC is an area that I have found many firms getting tied up in and either spending nothing or much more than they should.