Fischer Barr & Wissinger LLC, Co-Managing Member Published In National Publication
"Measuring Damages When a Partner Leaves a CPA Firm".
- (1888PressRelease) January 03, 2014 - Parsippany, NJ - Eric J. Barr, CPA/ABV/CFF, CVA, CFE, Co-Managing Member, Fischer Barr & Wissinger LLC, www.fbwcpas.com co-authored the article "Measuring Damages When a Partner Leaves a CPA Firm," published in the December 2013 issue of The CPA Journal.
The CPA Journal is a national publication of the New York State Society of CPAs (NYSSCPA) and provides its readers with insight and analysis on developments in the areas of accounting, auditing, taxation, finance, management, technology, and professional ethic.
Partner turnover in CPA firms is occurring more frequently due to changes in accounting firm economic models. As stated in the article, "Due to company mergers and firm specialty changes, turnover occurs more frequently- becoming a partner no longer means lifetime employment at the firm."
When a partner leaves a CPA firm, the non-solicitation, non-service and liquidated provisions of CPA firm partnership agreements become critically important to the firm and the departing partner. The article analyses such partnership agreement provisions under New York law, and the circumstances which might cause such provisions to be unenforceable.
Eric has more than 40 years of public accounting experience and is a national thought leader and frequent public speaker in connection with the valuation of closely held, family owned businesses. Eric has conducted seminars on the valuation of pass-through entities to the New Jersey Society of Certified Public Accountants, the Minnesota Society of Certified Public Accountants and the New York State Society of Certified Public Accountants; he has presented national webinars for BV Resources and Consultants Training Institute; and has written articles for The Value Examiner and BV Update. Eric has testified as an expert in the areas of business valuation, commercial litigation, forensic accounting and lost profits analysis.
Eric is a Member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants (NJSCPA), the NJSCPA Litigation Services and Accounting & Auditing Interest Groups, the New York State Society of Certified Public Accountants, the National Association of Certified Valuation Analysts and the Association of Certified Fraud Examiners.
He holds the following Licenses/Certifications: Certified Public Accountant (New Jersey and New York), Accreditation in Business Valuation, Certified in Financial Forensics, a Certified Valuation Analyst and a Certified Fraud Examiner.
The Partners, Principals and Managers of Fischer Barr & Wissinger LLC offer more than a century of combined expertise in the areas of tax planning, business and medical practice valuation, litigation support, accounting, auditing and consulting services.
The firm maintains the professional practice which has continuously served the regional business community from its Morris County offices since 1968. Clients receive the same types of services offered by national and regional firms but with a distinctly different personal touch.
Our Partners, Principals and Managers hold memberships in the American Institute of Certified Public Accountants (AICPA), the New Jersey Society of Certified Public Accountants (NJSCPA), the New York State Society of Certified Public Accountants (NYSSCPA), the American Society of Appraisers (ASA), the National Association of Certified Valuation Analysts (NACVA), the Association of Certified Fraud Examiners (ACFE) and the Morris County Chamber of Commerce.
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