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Top 5 ways to convert tax return clients into retainer clients

ThomsonReuters

If you have satisfied tax return clients, in many ways you’ve already taken a step towards recurring income. Even though a retainer can be a win-win, it can be a challenge to convert people and businesses who come to your accounting firm for their tax returns into consistent retainer clients. Here are 5 steps to make it easier.

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Checklist: 7 Steps to Get Started With Asset Data Quantification

Audit Board

In reality, businesses that are already documenting their IT risks and controls can build on the data they already have to begin quantifying their risks. Download the full guide here , and continue reading for seven steps to getting started with risk quantification. Utilize meaningful triggers to triage your assets.

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Effectively Managing Risk Across Your Organization: 3 Key Strategies

Audit Board

Present risk findings in terms of business risk and market trends in order to shape the conversation that marries security and business goals. The conversations can be either formal or informal, depending on your culture and the extent of your organization’s silos. Use KPI data to make your case in budgetary discussions.

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Risk Management 101: Process, Examples, Strategies

Audit Board

With this evolution, standards organizations around the world, like the US’s National Institute of Standards and Technology (NIST) and the International Standards Organization (ISO) have developed and released their own best practice frameworks and guidance for businesses to apply to their risk management plan. What Are Risks? or “What if?”

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Five Project Management Best Practices for More Effective Audits

Audit Board

In this article, I will share what I have learned over more than a decade of incorporating project management principles into the audit function. In addition, timelines are essential so team members understand expectations, deliverables, and milestones/due dates that have been communicated to other stakeholders. .

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SaaS Valuations: How to Value a SaaS Business in 2022

FE International

Most small businesses valued at under $5,000,000 are valued using a multiple of seller discretionary earnings (SDE or sometimes also called seller discretionary cash flow ) particularly if they are relatively slow growing and do not have a management team in place. How To Value a Business. Finding The Multiple. The Valuation Spectrum.

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IPE and SOX Readiness Considerations: Building a Consistent Process

Audit Board

Over the past years, additional documentation and testing requirements have been brought up regarding IPE (Information Provided by Entity). Concrete steps to create a consistent process for IPE irrespective of application/technology. In the current context, based on what we have seen, it is a lot broader.

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