the lowest cost always comes when the person first performing the service does it correctly.
by ed mendlowitz
202 questions and answers: managing an accounting practice
question: i want to improve my firm’s review and quality control. do you have any suggestions?
response: this is a recurring issue for most firms. every cpa practice needs quality control. the issue is whether a dedicated quality control (“qc”) person is needed and, if not, how the qc can be done without one.
more: three ways to start an accounting practice | fifteen strategies for first-time supervisors | no one listens to you? change how you talk | free consultation? not always | measure knowledge gaps (then close them) | 47 types of business valuation to provide | referral fee? forget it | should you offer financial services? | thirteen things to consider before you sell your practice | how much is your tax practice worth? | ready to retire? selling your practice is no strategy | uncooperative partner might not be the problem | merge in lower-priced work without losing out | 20 things you need for a business valuation
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a practice is a business and every business must be run efficiently and profitably. qc is an area that i have found many firms getting tied up in and either spending nothing or much more than they should.