Understanding the AICPA Independence Rule’s Impact on Your Firm’s Audit Revenue

Phil WockenCybersecurity & Compliance, Financial IT

In 2017, the AICPA ruled that CPA and accounting firms are no longer able to host data and audit financials of the same company, beginning September 1, 2018. CPA and accounting firms are now scrambling to see if they should give up one of these revenue streams or if they should hire an outside vendor to take over their hosting services. Netgain, the leader in specialized CPA hosting and IT-as-a-Service (ITaaS) for CPA firms, has a low-cost alternative for firms that want to keep the revenue streams on both audit and hosting, and would also like to increase their gross margins on their hosting business.

Find out more about this pressing issue and discover the right path for you to keep your revenue streams flowing by downloading this on-demand recording of a recent webinar where we presented on this subject. Either one of these resources will provide needed insight into this new ruling and cover:

  • AICPA’s new interpretation of hosting services
  • How to move key IT resources to high value IT projects or profitable advisory services
  • How to overcome AICPA’s ruling to preserve both audit and hosting revenue streams

At Netgain, we believe in education-first, so we don’t force you to complete any forms to access our content. We encourage you to check out these resources so you can gain a better understanding of different methods to grow your firm.

Interested in learning more about the AICPA Independence Rule or Netgain’s Financial IT Cloud? If we can help you in any way, don’t hesitate to contact us at sales@netgaincloud.com or give us a call at 877-797-4700 ext 3.