Is it illegal?

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    Topic
  • September 8, 2011 at 12:42 am #161598
    funnyorCPA
    Participant

    To work for a public accounting firm but also do bookkeeping on the side under your own private practice?

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    My life as an auditor at a small CPA firm:

    https://anauditorslife.blogspot.com/

Viewing 9 replies - 1 through 9 (of 9 total)
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  • September 8, 2011 at 12:43 am #294639
    jeff
    Keymaster

    Have you taken REG? 🙂

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    September 8, 2011 at 12:53 am #294640
    funnyorCPA
    Participant

    Haha yup :(. I can't seem to find anything on it in my study materials though. Or maybe im reading over it and it does not compute haha. Now im depressed 😛

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    My life as an auditor at a small CPA firm:

    https://anauditorslife.blogspot.com/

    September 8, 2011 at 12:55 am #294641
    funnyorCPA
    Participant

    I also wanted to point out that the bookkeeoing clients are not connected to the cpa firm i work for. So no independence issues there

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    My life as an auditor at a small CPA firm:

    https://anauditorslife.blogspot.com/

    September 8, 2011 at 2:31 am #294642
    valueofnothing
    Member

    not advised.

    REG - 81
    BEC - 88
    AUD - 85
    FAR - 81

    September 8, 2011 at 12:55 pm #294643
    Anonymous
    Inactive

    If you are 100% absolutely positive the clients you want to do bookkeeping for have ZERO connections or affiliations, either directly or indirectly, to the CPA firm you do public accounting for or their clients then I believe it would be ok. I think the problem becomes that it's almost impossible to be 100% sure and through no fault of your own, you may inadvertently cause an independence issue.

    Just my 2 cents…

    September 8, 2011 at 1:07 pm #294644
    Anonymous
    Inactive

    I work for a big 4 as an auditor and they make you sign a contract stating you will only work for them during your employment.

    September 8, 2011 at 3:23 pm #294645
    Anonymous
    Inactive

    Did you sign a non-compete contract when you started at your public accounting firm? I think if your firm offers tax services, and you do as well, that could be a conflict of interest.

    September 8, 2011 at 3:35 pm #294646
    mla1169
    Participant

    I think the important factor is the difference between illegal and frowned upon by an employer firm.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    September 8, 2011 at 3:36 pm #294647
    funnyorCPA
    Participant

    Did not sign a non-compete contract. I dont think I will end up doing it, but its cool reading everyones opinion on the matter. I appreciate it 🙂

    CPA - Done
    CFE - Done

    My life as an auditor at a small CPA firm:

    https://anauditorslife.blogspot.com/

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