strongsilence
Level 11
04-22-2025
11:46 AM
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A corporation client fired the CFO. Now the CEO wants to discuss these topics, in her words.
- deficiencies in current accounting practices
- past bookkeeping errors
- implementation of financial controls
The CFO and I had worked together on the prior three tax returns (spanning about 4 years). Occasionally the CFO would ask for my advice about GAAP and other general accounting questions (such as accounts payable). Each time I would remind him that I'm a tax guy with no special expertise in GAAP, or inventory accounting and other topics unique to his industry.
I think this could be a time to call Aon and learn best practices, so I don't implicate myself. I have nothing to hide. My feeling is that a lawsuit is not in their minds, but who knows.
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