Glossary: Audit (Of Financials)
In financial accounting, an audit refers to a CPA firm reviewing a company’s financials and internal controls, and reviewing documentation to verify the amounts shown on the financials.
It’s Pointless for EAs to Attack CPAs
CPAs and EAs are sometimes at each other’s throats about which designation is better. Such debates accomplish little.
Lo, The Plight of the Unknown EA
The local business directory for my town was just published. I’m an Enrolled Agent. Commonly abbreviated as “EA.” But apparently the publishers of the directory were confused: I haven’t called the local group that published the directory yet. It was a free listing, and it made me laugh, so I’m not angry. It was probably […]
Why is the AICPA Filing a Lawsuit Against Lame IRS Preparer Program?
Time to wade into the IRS preparer regulation fray again. The IRS is plowing forward with a voluntary program for tax preparers that falls well short of “regulation.” And for some reason, the AICPA has filed a lawsuit against the IRS. My understanding of the program is that if a preparer sits through 18 hours of […]
Further Thoughts on Preparer Regulation
It’s been a long, long time since I’ve written a long, rambling, stream-of-conscience blog post full of side notes and parenthetical references. But when I sat down to write this post, a whole lot of thoughts came out. So here, in 600+ words, is my opinion on the apparent death of the RTRP designation, and […]
CPAs: Don’t Fear the RTRP
Will RTRPs unseat CPAs in the public’s eye as the premier “tax expert”? I have my doubts.
Enrolled Agents – The Liechtenstein of the Tax World
Enrolled agents: the tax pro you’ve never heard of.
