SPACs

Changes in Ownership Structure for CPA Firms Raises Conflict of Interest Questions

Accounting Profession, Workplace behavior / Leave a Comment /

Is it Time to Break Up Professional Services Firms, aka CPA Firms? I can remember years ago when I was studying accounting that the form of ownership of CPA firms was a partnership with all partners being licensed CPAs. Over the years, the forms of ownership have broadened, in part to limit the liability of […]

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Does Private Equity Ownership of CPA Firms Violate Audit Independence

Accounting Profession / Leave a Comment /

Independence Standards at Risk Perhaps you are aware that private equity firms have started to acquire a controlling interest in accounting firms, which these days are better referred to as “professional services” firms. The first such acquisition was in August 2022, when Tower Capital Partners purchased the stock of Eisner Amper LLP, a majority-owned CPA

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