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Responding to Pressure to Provide CPA-to-Lender ‘Comfort’ Letters

April 17, 2018
CPAs at times come under fire from banks and other lenders pressuring them to provide assurances regarding their clients’ financial strength. Many CPAs have shared their frustrations and concerns with CAMICO regarding veiled threats from aggressive brokers and lenders alleging that their clients will not qualify for a loan without receiving a letter from the CPA supporting the client’s loan qualifications. Some brokers have even suggested that the client should seek a “more cooperative” CPA.

Legislative and Accountancy Board Update – April 2019

April 16, 2018
This month’s update includes information on the repeal of auditor rotation/restrictions, information on Arizona’s universal recognition of occupational licenses, our Operation Conformity updates, an Accountancy Board update and a PAC update.

Legislative and Accountancy Board Update – March 2018

March 21, 2018
This month’s update includes examples of how members make a difference, information about a ballot to ban services tax, the CPA Bill, Mobile Workforce State Income Tax Simplification Act, a Democratic political party event and a reminder on the March CPA license renewal due date.

Legislative and Accountancy Board Update – February 2018

February 20, 2018
This month’s update includes information on a CPA bill sponsored by Senator Yee, a meeting with the Arizona Department of Revenue, the status of income tax conformity, an update on the latest Accountancy Board meeting and appreciation to our ASCPA members.

What is the Difference Between a Manager and a Leader?

February 20, 2018
Every organization needs effective managers and leaders. But what’s the difference between the two? But before you delve into the subtle differences between the two, according to David Cotton, CPA, chair of Cotton & Co. in Alexandria, Virgina, who recently presented on this topic in Virginia and Arizona, it’s worth exploring why leadership and managerial training are important to a population that’s already gone through extensive schooling and licensing.