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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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| Posted: Thu Feb 17, 2005 9:15 pm Post subject: The Professional Bookkeeper's Right to an Opinion |
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It seems to me that bookkeeping, done correctly and accurately and in accordance with recognized standards, replete with adequate reconciliation and analysis of the numbers appearing in financial statements, in itself, represents a level of professionalism that can and should be recognized. I'm in favor of a standard disclaimer letter or letters (similar to what CPA's use) that would be safe harbor yet respectful of the Professional Bookkeeper's Opinion. Certainly this would be true of a compilation situation, yet who would know more about proper bookkeeping procedure when a review is requested for a small business than a professional bookkeeper that has been professionally trained in reviews. It's not rocket science. Before preparing tax returns for a small business, I have often been appalled at the messes presented to me. I would like to here other opinions on this subject.
Bob Solebello, PB
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Guest
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| Posted: Fri Feb 18, 2005 1:56 am Post subject: RE: The Professional Bookkeeper's Right to an Opinion |
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| Robert No state will allow you to express your opinion or do reviews. This is the exclusive domain of CPAs. As far as safe harbor, you need to check your state law. Some states like Minnesota, have SPECIFIC language you MUST use in order to be in compliance. I personally would not take the chance to do otherwise. |
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