41 - Navigating 7216 Disclosures: Legal Insights for Accounting Firms with Sara Sharp

In this episode of Business Beyond Borders, Laurence Whittam sits down with Sara Sharp, a specialized attorney in M&A for accounting firms, to delve into the intricacies of 7216 disclosures. They discuss the importance of legal compliance, especially when dealing with outsourcing, and how firms can protect themselves while still navigating the complex legal landscape.   In this episode, you will be able to: Understand the key requirements and implications of the 7216 disclosure for accounting firms. Learn about common pitfalls and misconceptions that firms have regarding compliance. Explore the potential legal consequences of non-compliance and how to avoid them. Gain insights into how proper legal practices can enhance the value of your firm during an M&A process. Discover best practices for implementing engagement letters that protect both you and your clients. Connect with Sara on LinkedIn!