A top-20 CPA firm in Minnesota got hit with a $15,000 fine. And not for bad audit work, but for letting a license lapse. They then had to reissue every report completed during the lapsed period. And they’re not alone.
In this recap of our recent Earmark webinar, CPA QualityPro’s Lindsay Patterson and Julia Woislaw break down the biggest shift in CPA licensure and mobility in decades: the move from a uniform, state-based system to an individual-based model where how a CPA got licensed now determines where they can practice. We cover the new licensure pathways, the real compliance gray zones in firm and individual mobility, the disciplinary actions state boards are already handing out, and — most importantly — the practical steps your firm can take to get ahead of it.
https://earmarkcpe.com/the-15000-mistake-that-could-happen-to-your-firm-tomorrow/
