• Typical insurers cut down points of contact with policyholders in an attempt to reduce claims and their staffing needs.
  • Five Things to Look For in a CPA Insurance Provider

    Accountants face unique challenges when it comes to CPA liability insurance, and finding the right provider can be difficult. However, a knowledgeable and experienced industry veteran can help you decide on the right company to trust with your insurance and risk management program. Below are five major factors that CPAs should consider.

    Make sure your broker and insurer know the business.

    Reasonable Accommodations for Employees

    During the Great Recession, the total number of discrimination charges filed with the U.S. Equal Employment Opportunity Commission (EEOC) by individuals soared from about 75,000 in 2006 to almost 100,000 in 2010, and then leveled in 2014 and 2015 to just under 90,000.

    The increase in charges can be attributed to a number of factors, but two that stand out are:
    • employees have become more willing to file charges against employers, and
  • Done effectively, a disengagement can leave your client feeling that you have acted in the best interests of both parties.
  • How to Handle Problem Clients

    Problematic or less-than-desirable clients may be keeping your firm from developing the clients it wants. An excellent way to identify those clients is to re-evaluate your client relationships on a regular basis, at least annually. Re-evaluate tax clients while there is still ample lead time before tax season for a client to replace you in the event you decide to disengage.

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    Latest Articles

    • 26 Aug

      When fraud is suspected

      Before taking any steps to help a client that may have suffered a fraud or misappropriation of assets, ask yourself the following questions:

      • Do I possess the requisite professional competence?
      • Do I have the necessary experience/qualifications?
      • Will my assistance i... read more

    • 27 Jul

      When to Use Mediation and Arbitration

      Mediation for all disputes

      Claims experience has shown that mediation has a high success rate when used as a first step to resolve all disputes, regardless of the engagement. CAMICO therefore recommends mediation for all disputes and engagements, except when the anticipated cost of... read more

    • 18 Jun

      AICPA Benevolent Fund

      As a CPA, you are a member of a growing, vibrant professional community that has afforded you great opportunities. As you plan your future, you may be considering ways in which you can help safeguard your community during times of struggle.

      ... read more

    • 18 Jun

      CAMICO War Stories #111-A and #111-B

      #111-A: Tax Return Preparation, Hacker Attack — When a hacker penetrated the CPA firm’s computer network, the firm’s cyber coverage responded with an investigation and comprehensive services.

      #111-B: Business Management Services, Email Fraud — The client... read more