With the aging baby boomer population, Boards of Accountancy are reporting an increase in the number of inquiries from licensees and the public with respect to the practices of sole practitioners who have died or become incapacitated. When the death or incapacity of a practitioner occurs, several key issues arise including who will take control of client records and who will assure their safekeeping during the winding down of the practice.

Click on the following link to access this resource prepared by the AICPA and NASBA.  Practice Continuation Agreements: A Practice Survival Kit .  

North Dakota CPA Society
2701 South Columbia Road, Ste D
Grand Forks, ND 58201

Phone: (701) 775-7100 or (877) 637-2727
Email: mail@ndcpas.org

Connect with us

Powered by Wild Apricot Membership Software