OUTLOOK & ANALYSIS

Tech Tools for Today’s Properly Equipped Field Audit Teams

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Accountant searching for lawsThe right monitors, scanners and web tools.

By Roman H. Kepczyk
Quantum of Paperless

The advent of today’s audit “document container” applications has transitioned every aspect of audit production into a digital format.

MORE on TECH SPENDING: Accounting Firms Run on More than Checklists Alone | Going Paperless Means Convincing Clients First | How to Cut Tax Prep Costs with Scanners | Making Digital Tax Process Easier Is All About the Workflow | Why Firms Need Document Retention Standards | Is Your Network Drive a Disaster Waiting to Happen? | Intranet Is the Best Place for Firm Knowledge | Digital Fax Has Benefits You May Be Ignoring | Wireless Is Hot, and Here’s How to Handle It | How Safe Is Your Internet Lifeline? | New Tech Tools for the 24/7 Accounting Firm

The key to successfully using these engagement applications is to make sure your personnel have the optimal equipment with them to work digitally. This includes:

  • monitors,
  • scanners and
  • internet connections.

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Why the Average Fee Doesn’t Matter

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Ed Mendlowitz CPA The Practice Doctor Q and ANot all data is relevant.

By Ed Mendlowitz
The Practice Doctor

Question: What is the average fee that your firm charges for a review? Assume the company is approximately $10 million in sales and $3 million in assets.

Answer: What is the average size suit men wear? This might be nice to know but it is not relevant to any specific situation. READ MORE →

40 Ways to Make Your CPA Firm Profitable

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Money tree growing in the middle of green meadowBy Marc Rosenberg
Retirements & Buyouts

It has been said that organizations should never make profitability their goal. Why? Because profitability should be the result of an organization’s efforts, not its goal. Create and maintain a world-class organization that satisfies the clients’ needs – and profits will result.

That’s just, may I say, poppycock.

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Research, But Also Be Ready to Act

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Businessman hand press play button sign to start or initiate projects as conceptOne key: Accept that there are many different ways of achieving the same objective.

By Robert J. Lees, August J. Aquila and Derek Klyhn

Not every firm can be the market leader.

MORE ON LEADERSHIP: Leader Training Is Time Well Spent | Managing Partners Must Remember Partners’ Needs | 5 Questions About Your Firm’s Direction | Like Herding Cats: Partners Must ‘Walk Together’

But every firm can have a culture of excellence, of striving to be the best at everything they do and of reinventing themselves as the markets for both clients and people change.

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