Practice Tip - Opening the Post

Posted by AccountingWEB PM | on Wed, 13/04/2005 - 08:11 3455 1 comment

I had dinner last week with a friend whose approach to practice I respect. He has recently changed firms for a wide variety of reasons and we were discussing what makes him feel more comfortable in his new, six partner firm.

The reasons are many and diverse, and all (almost inevitably) unrelated to whether or not he would earn more as a result of the switch. The thing that struck me most was his enthusiasm for opening the post together with the other partners, a practice I shared with my own partners for the 12 years in which I worked with them.

Continued...

But what about post from NCIS?

john.gilbob.fre... | Fri, 15/04/2005 - 20:07 | Permalink

I agree with Richard's sentiments but could this lead to a "tipping off" offence if a partner opens the post only to find out, from an NCIS acknowledgement, that the MLRO has reported his client to NCIS without that partners knowledge (EG Based on a report about that client from a member of staff direct to the MLRO)?

It could cause friction between the MLRO and the partner who opens the post.

Perhaps it is NCIS who needs to get its act together and find a more secure way of acknowledging reports direct to the MLRO!!

Whilst on the subject of NCIS, why do they only acknowledge about half of the reports sent in? Is this just my experience or do other practitioners have the same sort of acknowledgement rate?