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Practice Management Resources

We've got everything you need to run a small accounting practice — and useful information for firms of any size. Check below for members-only resources and education on succession planning, health care, sexual harassment and other human resources issues.

Practice Management Resources

VBOA/NASBA CPE Audit Tracker Service Frequently Asked Questions

January 21, 2020

UPDATE: As of Jan. 21, 2020, we were made aware of duplicates events taken at the Richmond CPA Center showing up in the tracker. We are working with NASBA to correct this. Please contact the VSCPA in regards to this issue. In May 2019, the Virginia Board of Accountancy (VBOA), in conjunction with

Weather Any Client-Related Storm

December 3, 2019

Protect your firm with clear and effective engagement and disengagement letters. By Suzanne M. Holl, CPA Engagement and disengagement letters are two of the fundamental building blocks of effective CPA risk management. Along with client screening and ongoing documentation practices, engagement and

How to Avoid a Hacker’s Attack

October 31, 2019

By Yanhua Bai and John Brozovsky, Ph.D. Database security breaches have caused a huge amount of damage to companies across the United States. As companies rely more and more on the Internet to conduct business, company data is more and more susceptible to hackers. It is crucial for every company to

3 Reasons Choosing the Cloud is the Best Cybersecurity Move CPA Firms Can Make

October 30, 2019

The cloud was once a mysterious product only embraced and implemented by the most forward-thinking CPA firms. Today, most CPA organizations are aware of the cloud and how migrating a legacy IT ecosystem over to it can deliver tremendous benefits across a wide array of areas. The cloud is no longer

Are Valuation Multiples Meaningful or Murky?

August 27, 2019

We’ve heard so many stories over the years from owners and executives who have heard bankers say a company’s valuation multiple should be “eight times earnings before tax, depreciation and amortization (EBITDA),” while their accountant said it might go “as low as six times EBITDA” in the industry

Trends Report: CPA Firms Hiring More Non-Accounting Graduates

August 23, 2019

Among the key takeaways from the American Institute of CPAs' (AICPA) 2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (Trends) is that the hiring of non-accounting graduates by CPA firms rose markedly over the last two years. View the full report

How Firms Can Better Support Women in Networking

August 22, 2019

Business development is a critical requirement for anyone hoping to make partner in most CPA firms. Today, candidates can no longer simply put their head down and work hard if they expect to make it to the corner office. They have to prove they can convert networking opportunities into new business

Are Remote Workers a Cybersecurity Threat for Businesses?

August 16, 2019

As work-life and technology continue to evolve, a growing number of small business owners find themselves adopting remote work policies or “WFH” perks. However, their employees, who use company platforms and networks in popular locations such as coffee shops and airports, are more susceptible to the

Colleges Dive Into Big Data Education

August 15, 2019

Some Virginia colleges and universities are creating ways for accounting students to get the data analysis skills they need to succeed in the workplace. By Chip Knighton The random sample isn’t necessarily going away, but it’s no longer the absolute standard for audits. Big Four firms and others