Discussion:Signing compilation reports re liability
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| Revision as of 13:44, 21 October 2009 Kevinh5 (Talk | contribs) (you could call y) ← Previous diff |
Revision as of 06:49, 22 October 2009 Natalie (Talk | contribs) (If you are a sol) Next diff → |
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| or you could take the advice given here on this board and forever wonder}} | or you could take the advice given here on this board and forever wonder}} | ||
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| + | {{ForumReplyPost|UserID=Natalie|Date=October 22, 2009|Text=If you are a sole practitioner, generally you would put the report on your corporate letterhead and sign with your own name. If you took the engagement outside of the corporation, i.e., it is not with the firm, then you may not be covered. | ||
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| + | I'm not sure what you mean when you say your firm is not a "licensed CPA firm."}} | ||
Revision as of 06:49, 22 October 2009
Discussion Forum Index --> Accounting Questions --> Signing compilation reports re liability
| 21 October 2009 | |
| I'm just starting out a little side practice and have been asked to perform a compilation. My liability insurance is in the name of my S-corp. I am personally a licensed CPA in Illinois, but my company is not a licensed CPA firm. I am assuming that since my corp is not a licensed CPA firm, that I personally must sign the compilation report. I am just wondering if I am still going to be covered by my liability insurance if I personally sign the compilation report as opposed to signing it in the name of my corp. Has anyone else been in this situation? What is the proper way to handle this? Thanks - I 'm new to this. | |
| 21 October 2009 | |
| you could call your insurance carrier and find out for sure
or you could take the advice given here on this board and forever wonder | |
| October 22, 2009 | |
| If you are a sole practitioner, generally you would put the report on your corporate letterhead and sign with your own name. If you took the engagement outside of the corporation, i.e., it is not with the firm, then you may not be covered.
I'm not sure what you mean when you say your firm is not a "licensed CPA firm." | |
