Source: Public Practice In the second part of a two-part article (read part one here), Bill Reeb continues a discussion of client transitioning, providing guidelines to consider and a sample transition plan.Part one emphasized the importance of retiring partners transitioning their clients … 112.] These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. The letters you send to clients announcing a merger or acquisition should reassure in order to retain. Doing this is an ethical violation and may be against the law if the accountant destroys a client’s files or intentionally makes the transition … In Australia, the transfer of client files between accounting … 6 Appendix A [paragraph .24] contains an illustrative client consent and acknowledgment letter. If you are selling or acquiring an accounting practice, you need to read the AICPA’s new guidance “Transfer of Files and Return of Client Records in Sale, Transfer, Discontinuance or Acquisition of a Practice,” which clarifies the obligations of the selling and the acquiring parties and explains how to deal with clients … Whether you communicate with clients in person, by letter or by phone, make sure you send a consistent, positive message about the transaction. … Acts by Clients; and section 325, Communicating Internal Control Related Matters Identified in an Audit. Letter to previous advisor You will also need to get a letter from your client confirming the instruction, and requesting full disclosure from the previous advisor. Transition Advisors LLC., are experts in consulting for the accounting … Client Transition and Retention Tips. [I/We] have asked Elliott Bunker … Dear [client… Stickney agrees with Dixon about the elements required for a smooth transition, and adds: “Billing can also come under due care provisions and should be timely.” Transfer of files. The CPA offers to continue providing services to the client during the transition in the CPA client termination letter … Take a look at our sample termination letter sample to get the ball rolling. Re: Termination of professional services. [Footnote revised, May 2006, to reflect conforming changes necessary due to the issuance of Statement on Auditing Standards No. Client termination letter sample. The wording I use is: "Enclosed is a copy of a letter from 'name of client… It is not the place to show anger. Changing Accountants Letter [Accountants Name] [Address Line 1] [Address Line 2] [Address Line 3] [Address Line 4] [Address Line 5] [Reference] ... [I/we] have decided to utilise the services of a different accountant to undertake all our accounting and taxation work. If the accountant feels insulted as well as fired, he or she may slow the transition process to a new accountant. Dear, I am writing to inform you that AAA ACCOUNTING FIRM will no longer be able to offer CLIENT accounting … The letter should be polite and formal. Talk about how the merger/acquisition benefits the client. Transitioning Client Relationships..... 24 Succession Strategies ... PCPS partners with more than 6,400 CPA firms of all ... be retiring soon and the amount of ownership that will be in transition as a result. The CPA begins the letter with a statement of appreciation followed by her decision to end the professional relationship. The client addressed in this example is the owner of a small business.