Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
(301) 921 8585
Building and sustaining client relationships form the building blocks of any CPA firm, regardless of the modus operandi being converted to a digital platform in a world that witnessed a recent pandemic. The 3 pillars of relationship are Client service,…
The pandemic we are currently living in has resulted in the breakdown of financial backbone of many, mostly by eating out on the individual savings and emergency funds completely. To cover current expenses, many had to migrate unwillingly to their…
Definitions of Unclaimed Property The U.S. laws govern unclaimed property disposition (for its all 50 states, along with the District of Columbia, Guam, Puerto Rico, and the Virgin Islands) and such property’s eventual conversion into state owned properties (mandated as…
In today’s world, Technology is an invincible factor for a successful work-from-home modus operandi by a CPA firm. To build a successful remote work system, here are the tips for efficiently utilizing “Technology” as a tool: Set up Correct Configuration(s)…
SEC recently altered certain rules for public company disclosures and paved the way for accredited investors to get increased access to the private capital market. In this respect, the amendments to Regulation S-K will result in simultaneous alterations to Public…
FASB has proposed a new alternative to assist NPA firms or Private company franchisors in sync with a new accounting standard. Under the same, such firms would need to provide additional information on the contributions of non-financial assets (Gifts-in-kind) that…
Throughout the COVID scenario globally, beginning with the advent of the unpredicted pandemic to the subsequent lockdowns to save lives from this deadly virus, most of the Financial firms faced the blunt challenge of meeting their clients face-to-face, which otherwise…
The AICPA Statements on Quality Control Standards (SQCS) require firms to establish policies and procedures for the acceptance and continuance of client relationships and specific engagements. These apply to a CPA firm’s accounting and auditing practice, as well as any…
Engagement letters often form the litmus test of Professional liability claims, where either the claims are accepted bona-fide or rejected altogether owing to the backend stress, time and effort and defense costs associated. In such scenarios, adopting and practicing strong…
FASB issued a proposal to improve 3 targeted areas of its lease accounting guidance, brought into the board’s visibility by public company stakeholders, and which, do not presumably impact the ongoing practices. The proposed amendments represent FASB’s commitment for timely…