I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?
Please see attached . Also please use all resources .
Case Study Questions – Presentation should address the following Questions
All Sources of information should be specifically identified at the bottom of each slide
1-21. The CA Firm
Bill Berry is the lead audit partner and the managing partner for The CA Firm (TCF), LLP. He was recently reviewing the firm’s income statement for the previous quarter, which showed that auditing revenues were about 5% below last year’s totals, while tax revenues were about the same. Bill also noted that the income from auditing was 10% less than for the previous year. During the past few years, competition for new audit clients has been intense so TCF partners decided that it would be wise for the firm to lower its hourly billing rates for all levels in the firm. The firm’s client base is made up of closely held firms that are mostly very successful sole proprietors, as well as a number of small- and medium-size companies.
Bill and the other partners have been brainstorming ways to expand the revenue base of the organization. Knowing that IT is a tool that the firm can use to develop new lines of business, TCF hired several college graduates over the past few years with dual majors in accounting and information systems or computer science. Given the recent financial results, Bill wants to encourage the other partners to consider the potential to the firm of offering other professional services.
Using Chapter 1 and the CPA/AICPA’s Website as Reference:
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