Payroll and Other Accounting Services

Previous title: Write-Up, Payroll and Other Accounting Services: Managing the Risks

Most sole practitioners and local CPA firms routinely provide write-up, payroll, and other accounting services to their clients. Although these engagements involve no technical standards or issued opinions, they are not risk-free. They have generated a surprising number of malpractice claims. This course identifies the risks and mitigating practices throughout the life-cycle of an accounting services engagement, from client acceptance to engagement performance to withdrawal.

Topics Discussed:

• Common Risks and Mitigating Techniques
• Engagement Planning and Administration
• Engagement Letters
• Engagement Performance
• Fraud and Internal Control

Learning Objectives:
This course helps you to identify the risks inherent in write-up, payroll and other accounting services and the best practices for mitigating these risks.

Prerequisite: Experience in write up, payroll and other accounting services

Advanced Preparation: None