Question
WHAT WOULD YOU DO 7-5 Client Information You have provided your client, a restaurant, with bookkeeping and tax services over the past fifteen years. Suddenly
WHAT WOULD YOU DO 7-5 Client Information You have provided your client, a restaurant, with bookkeeping and tax services over the past fifteen years. Suddenly you receive a letter from another CPA indicating that this client will no longer be using your services and requesting copies of all of your work papers for the past three years. Your client still owes you for the tax returns you pre-pared last month. Needless to say, you are not pleased As you look at your work papers, they consist of a tax program with your notes, copies of the client's bank reconciliations, their trial balance, and financial statements. You also have adjusting journal entries, which were given to the client, and depreciation schedules, which were attached to the tax returns. How would you respond to the letter? Which of these items do you feel you should provide to the new CPA? Describe why you feel that they should be provided.
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