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In This Issue |
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| AICPA New Ethics Requirements for Outsourcing as of November 4th, 2004 |
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 The AICPA adopted new ethics rules that place new requirements on members who outsource some or all of their work to third party providers. There are two new rules and one revised rule that outline the responsibilities members must meet regarding services that are outsourced to third-party providers.
The new rulings do not differentiate between the type of services outsourced or whether the outsourced services are performed in the United States or in a foreign country. Rather, the rulings provide that if you use a third party provider to help you to service your clients, discloser must to be made to your clients. These new rulings have several effects on the disclosures CPA’s make to their clients.
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| The Talent Drain; Motherhood & Starting a Family |
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 Has your firm lost talented employees or struggled with managing the workload of professionals lost to motherhood? Many professionals are putting their careers on hold, compromising their family life to the extent it is hurting their professional performance, or worse, leaving their current firm to find a place closer to home to cut down on the commute. Although we are not psychologists we do understand when employees are stressed, and pulled in too many directions their performance erodes and it can have an unfavorable impact on the rest of the staff.
What issues are working parents in the CPA profession facing?
- Day Care. Restraints on drop off and pick up times, plus severe penalties with late pickups add to deadline pressures.
- Office Commute Times. More than a ten or fifteen minute commute adds to the time crunch. This can cause an employee to consider leaving the profession or seek work at a firm closer to home.
- Client Commute Issues. Even if the office is next door to their home, they still need to get to the client's geographical location.
- Client Meeting Schedules and Fieldwork Conflicts. Arranging meetings around childcare concerns is not something most clients want to or need to hear. Even with a great relationship, when a client is paying top dollar they don't want to modify their workday to accommodate their service provider's needs.
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To learn more about outsourcing or sign up for a live demo or webinar, please call 781-303-0136 or send an e-mail to info@xpitax.com.
Webinar Schedule: Wednesday’s at 1pm EST |
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