[LCMAU]

If all goes as planned, I should complete all sections of the CPA exam by Jan 2017. I am currently doing some bookkeeping work on the side for a friend’s business (I am not an employee). Once I obtain my CPA, do I need to do anything to protect myself if I continue doing the bookkeeping work? Such as sign an agreement stating that I am not providing any auditing, review, compilation, etc services? Or are there any liability concerns with providing just bookkeeping services?

Thanks in advance!

[laxman06]

You should get a signed engagement letter for bookkeeping services. Also looking into professional liability insurance. Camico is a very good company for this type of insurance. Also look at possibly a fidelity bond.

[Author]

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