Use it to set yourself apart.
By Hitendra Patil
This article covers something I do not hear discussed nearly enough in conversations about how independent firms differentiate themselves. Most of the differentiation conversation focuses on relationship depth, niche expertise and responsiveness. All of that is real, but there is a structural advantage available to independent CPA firms right now that almost none of them are naming to clients, and it is growing in legal and regulatory significance.
Structural independence in the attest function.
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How Private Equity Structures Actually Work
When PE enters an accounting firm, the transaction does not simply add capital to the existing firm. Generally, the acquired firm splits into two separate legal entities:
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