K2's Client Accounting Services For CPA Firms: Strategies For Growth And Success

K2's Client Accounting Services For CPA Firms: Strategies For Growth And Success

K2’s Client Accounting Services For CPA Firms: Strategies For Growth And Success

By Randy Johnston

Accounting
2 CPE Credits
Course - K2's Client Accounting Services For CPA Firms: Strategies For Growth And Success
25c-cascpaf
In-Person, Webinar
Live
Intermediate
100 Minutes
Topics Learning Objectives Description Compliance

Major Topics

  • Designing Service Delivery Models that are scalable and efficient processes for CAS
  • Managing client relationships and setting expectations to deliver consistent value
  • Evaluating pricing strategies, including fixed fee, subscription, and other pricing models
  • Ensuring governance and meeting regulatory standards for data security and compliance
  • Adapting to emerging technologies and evolving client demands to future-proof the practice
  • CAS overview to understand the service offerings, client needs, and market opportunities
  • Selecting technology tools in CAS for accounting, workflow, and client collaboration

Learning Objectives

  1. Define the scope and benefits of Client Accounting Services for CPA firms
  2. Identify essential technology tools and strategies for CAS implementation
  3. Evaluate various pricing models and their application to CAS offerings
  4. Outline critical considerations for maintaining data security and regulatory compliance in CAS
  5. Develop a roadmap for building or enhancing a scalable CAS practice

Description

Client Accounting Services (CAS) have become a cornerstone of modern CPA firms, offering opportunities for enhanced client relationships, recurring revenue streams, and streamlined operations. This course provides accounting professionals with practical guidance on implementing and optimizing CAS within their firms. Participants will explore the foundational elements of CAS, including service offerings, pricing models, and client communication strategies. The course delves into the technology tools essential for CAS, including accounting software, workflow automation, and reporting platforms. It offers insights into best practices for managing client expectations and delivering consistent, high-value services. In addition, participants will examine case studies of successful CAS implementations, review current trends impacting CAS, and identify critical steps to build a scalable CAS practice that aligns with their firm’s goals. The course also addresses the importance of data security, governance, and compliance in providing CAS to ensure ethical and professional service delivery.

Compliance Information

Accounting professionals seeking to successfully enter or expand the client accounting sector of their practice None Accounting 2 Credits January 1, 2025
Topics

Overview

Client Accounting Services (CAS) have become a cornerstone of modern CPA firms, offering opportunities for enhanced client relationships, recurring revenue streams, and streamlined operations. This course provides accounting professionals with practical guidance on implementing and optimizing CAS within their firms. Participants will explore the foundational elements of CAS, including service offerings, pricing models, and client communication strategies. The course delves into the technology tools essential for CAS, including accounting software, workflow automation, and reporting platforms. It offers insights into best practices for managing client expectations and delivering consistent, high-value services. In addition, participants will examine case studies of successful CAS implementations, review current trends impacting CAS, and identify critical steps to build a scalable CAS practice that aligns with their firm’s goals. The course also addresses the importance of data security, governance, and compliance in providing CAS to ensure ethical and professional service delivery.

Course Details

  • Common security weaknesses that occur with hardware and software at home and in the office
  • Malware, ransomware, data breach, and incident response tips
  • Internal control failures which result in the theft of assets or unauthorized manipulation of data

  1. List at least three major security incidents reported in the headlines in the last year, and explain at least one major internal control design or operation flaw that allowed the hack to occur
  2. Select the correct definitions for common security terms such as attack surface, vulnerability, exploit, social engineering, phishing, malware, heuristics, biometrics, and multi-factor authentication (MFA)
  3. List at least three best practices learned by reviewing the control failures cited in the case studies

Intended Audience — Business professionals seeking to optimize their home network solution

Advanced Preparation — None

Field of Study — Information Technology

Credits — 2 Credits

IRS Program Number –

Published Date – January 1, 2025

Revision Date –

Course Authors

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