The VBOA cannot refer or recommend a CPA. The public is encouraged to visit the VBOA licensee search and verify if a CPA holds an Active license. Other resources on CPAs include the Virginia Society of Certified Public Accountants (opens in a new tab) and the Better Business Bureau (opens in a new tab).
Choosing a CPA firm
The VBOA cannot refer or recommend a CPA firm but it is important to verify that:
- The firm is lawfully operating as a business.
- The firm has complied with licensing laws.
- The firm has complied with any practice monitoring program or peer review requirements, if applicable.
- Verify any disciplinary history or adverse administrative action against the firm.
Engagement letter
An engagement letter defines the legal relationship between a CPA and a client. This letter includes the following:
- What services will be performed?
- When the services will be completed?
- What is expected of the client and the CPA?
- How much will be charged?
- Signatures of all parties involved.
The engagement letter should be updated when services or fees change.
Refer to the AICPA Code of Professional Conduct (opens in a new tab) for guidance on referral fees, contingent fees and commissions.
