strongsilence
Level 11

A corporation client fired the CFO.  Now the CEO wants to discuss these topics, in her words.

  1. deficiencies in current accounting practices
  2. past bookkeeping errors
  3. 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.

0 Cheers