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Choosing a CPA

The VBOA cannot refer or recommend a CPA but recommends using these resources:

Choosing a CPA firm

The VBOA cannot refer or recommend a CPA firm but it is important to verify that:

  • The firm is lawfully operating as a business.
  • The firm has complied with licensing laws.
  • The firm has complied with any practice monitoring program or peer review requirements, if applicable
  • Verify any disciplinary history or adverse administrative action against the firm.

Engagement letter

An engagement letter defines the legal relationship between a CPA and a client and includes the following:

  • What services will be performed?
  • When the services will be completed?
  • What is expected of the client and CPA?
  • How much will be charged?
  • Signatures of parties involved

The engagement letter should be updated when services or fees change.

Referral fees, contingent fees and commissions

Refer to the AICPA Code of Professional Conduct for guidance.