Impact #103 - Tax Engagement Letters Updated for 2014/15 Tax Season

Our tax engagement letters are updated for the 2014/2015 tax year and are available in the Engagement Letters Resource Center on the CAMICO Members-Only Site. Some letters have both “standard” and “expanded” versions. The expanded versions are generally intended for more complicated engagements, but please use your professional judgment as to which version is suitable for each client.

Impact #103 - Risk Factors and Warning Signs of Fraud

During the past 28 years that CAMICO Claims and Loss Prevention specialists have helped CPAs with fraud exposures and damages, many lessons have been learned. For instance, CAMICO claims experience consistently shows that fraud and defalcation are major contributors to significant professional liability claims for CPAs, as illustrated by the following chart on “What Causes the Big Claims.”

Impact #103 - Enhanced Platform for CAMICO Members-Only Site

CAMICO policyholders now have a members-only website that is responsive to the latest browser technology, including mobile and desktop devices.

The new site offers an enhanced and more efficient experience for users with the newest browsers, and few functional changes. The user experience should be seamless and remain as secure as always. The website will also further enhance the ease of doing business with CAMICO, including our e-business functions.

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