Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What disclosures are CPA firms required to make to their clients regarding outsourcing?

April 26, 2017clients CPA disclosures firms outsourcing

0

Posted

What disclosures are CPA firms required to make to their clients regarding outsourcing?

1 Answer

0

Posted

The new requirements state that AICPA members must inform their clients – preferably in writing and before providing confidential client information to the third-party service provider – that the firm will use a third-party service provider when providing professional services to the client. The new rules also clarify that AICPA members are responsible for all work performed by the service provider. Please click here to see AICPA standards http://www.aicpa.org/download/ethics/2004_1028_outsourcing.pdf For any additional information please reference www.aicpa.