link to video - http://t.co/g1AYoHRXCc
Comfort letters – the fight continues. . . CPAs beware. . .
Unfortunately, the federal Consumer Financial Protection Bureau has muddied the waters while implementing the Truth in Lending Act. Although not even in effect, lenders are already pointing to the new regulations as justification for the need for a comfort letter. Are you prepared to respond?
C & W Website - link to article - http://goo.gl/dDQkw
Two CPA firms “not guilty” of practicing without a license
The Pennsylvania Board of Accountancy has dismissed prosecutions against two of my clients for practicing without a license. In both instances, the prosecutor was seeking substantial fines of $5,000 or more. However, the CPAs had done what they thought was required and the Board appropriately dismissed each case.