What is a principal at CLA? Is that a partner or is everyone a principal now?

likefunny
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Not all principals are equity owners. Some but not all. Clear as mud right?

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Tax

Attorneys in cpa firms always seem to fight that fight....

Following...

You’re following. I’m leading. We are not the same

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At Rsm, principal means they are basically a partner ownership-wise aren’t a cpa for some reason (crazy right). There are a few of them in TAS, they will represent themselves to clients as just a partner tho from what I’ve seen, so as to not cause any concern around qualification/capability. There are no principals in audit however , because you need to be licensed to sign attestation letters.

Yea it’s different because RSM didn’t get PE investment. It changes after a firm gets PE.

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Hi Fishes
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