CPAs Acting as Interim CFOs

Imagine a hypothetical CPA, Franklin Connors, providing bookkeeping and tax services to an equally hypothetical fast-growing online retailer named Cats Eats, which sells gourmet pet food. One day the owner tells Franklin, “Business is booming! I want to hire a CFO, but I can’t afford one yet! Can you help out?”

Franklin might wonder if he is getting in over his head. If something goes wrong, could it get him in trouble?

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