Robert,
That might be an Arizona State thing. Each State has its own regs to follow too. Here in NYS, CPAs have been trying very hard to get legislation not allowing anyone other than CPAs to prepare financial statements, which would also mean you cannot do tax returns that have B/S and P&Ls on them. That would also eliminate EAs from doing financial statements. Its about 5 years since I have heard anything on the topic, at least there has been no state legislation.
What we need is good legislation preventing, banks and mortgage companies from destroying our economy and politicians further screwing things up, big time
Arnie
----- Original Message -----From: Robert LukeySent: 10/08/2008 4:08 PMSubject: Re: [taxchat] Engagement letter
At the monthly Arizona Society of Public Accounts (ASPA). There was an AZ Forum for Improv of Taxation meeting recently where it was brought up. A couple members of the ASPA had gone to that meeting.
On Wed, Oct 8, 2008 at 12:53 PM, Arnold M. Socol <waymeans@verizon.net > wrote:
Where did you hear this? The IRS, AICPA, who?Arnie----- Original Message -----From: Robert LukeySent: 10/08/2008 2:34 PMSubject: [taxchat] Engagement letter
I just heard yesterday that as of 01/01/09 in order for me to discuss something such as an IRA contribution with a client I will have to have the client sign an engagement letter before we can start. Does anyone else have any knowledge or thoughts on this? Or for that matter clients will have to sign an engagement letter before we discuss any topic that might benefit them in any way or point out the detrimental side of an issue. The way it sounds I will have a new client call to ask me what services I can provide and I will have to have them sign an engagement letter to talk to them about what to put into 2nd engagement that spells out what we are going to talk about.
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Robert Lukey EA CPA
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Robert Lukey EA CPA
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