An engagement letter puts the scope and fees of a job in writing. See what audit, accounting, tax and legal rules say about it, and who has to sign it.
An engagement letter puts the scope and fees of a job in writing. See what audit, accounting, tax and legal rules say about it, and who has to sign it.
There is no IRS Form 7216. A 7216 consent is a client's signed permission to use or share tax return information. See when you need one and how to collect it.
The Red Flags Rule makes many lenders and banks keep a written identity theft prevention program. See who must comply, the warning signs and how CIP fits in.
Enhanced due diligence (EDD) means extra checks on higher-risk clients. See when FATF, US, EU and French rules require it, and what to ask the client for.
Form 8867 is the paid preparer's due diligence checklist for EIC, CTC, AOTC and head of household claims. See the four rules, records to keep and penalties.
Adverse media screening searches the news for links to fraud, corruption and other crime. Learn which reports count, how to judge a hit and what to record.
Sanctions screening checks clients and their owners against official lists. See which lists apply, how to clear a possible match and what a true match needs.
A politically exposed person holds or held a prominent public role. Compare US, EU and French rules on family and time limits, and how PEP screening works.
KYC remediation brings old client files up to today's rules. How to scope it, request only what changed, chase replies and handle clients who never answer.
