Recently, our firm had received quite a lot of leads from shell companies seeking accounting services for their IPOs. Traditionally, IPOs engagements mostly belong to the Big 4s. But with the JOBS Act that makes it easier for small companies to go public, we are suddenly seeing shell companies coming out of the woods to inquire us about potential IPOs related engagements.
I'm not sure if my firm will take in these potential new clients. I only know that they are interested in my firm because we are small and we charge a lot cheaper than the bigger CPA firms.
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