30 Tips from 30 Years

Ever since its founding in 1986 by a group of CPAs who organized about 1,400 CPA firms into a mutual insurance company, CAMICO has been directed and managed by CPAs, providing professional liability, employment practices, and other solutions for CPA firms.

Over that 30-year period, CAMICO has grown to more than 8,200 CPA firms in 45 states and the District of Columbia. A major component of CAMICO’s success is the company distinguishing itself by providing CPA-centric services and products that CPAs can’t find anywhere else—also known as The CAMICO Experience.

  • (Some) ransomware is technically advanced and has no known fix, except for the victim to rely on current backup files and backup services.
  • Ransomware and Cyber Risk Management

    Ransomware and cyber extortion represent one of today’s more malicious types of hacker attacks. It sneaks into computer systems, encrypts files, and demands a ransom before decrypting the files. A major problem is that ransomware does not always decrypt files even after the ransom is paid. Being prepared and taking precautions against cyber risk exposures such as ransomware is therefore essential. Otherwise, you’re at the mercy of criminals who prey on unprepared and unsuspecting businesses and individuals.

    Helping Clients with Legal Services


    Some clients will ask their CPA to assist them with the preparation of documents pertaining to the formation or liquidation of corporations, partnerships, estates, trusts, or other entities that require organizational documents. At other times clients will ask for help with documents pertaining to mergers, acquisitions, dissolutions, employment, severance, compensation, or stock option plans.

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    Latest Articles

    • 13 Sep

      Proactively Managing Fee and Collection Issues

      An effective way to avoid having a collection problem in the first place is to communicate with the client regarding your billing and collection policies, and to include stop-work or disengagement provisions, or both, in your engagement letter. Such provisions can then be enforced if the c... read more

    • 03 Sep

      What’s the Right Policy Limit for Your Firm?

      If one had to choose the question most frequently asked by CAMICO policyholders, the likely winner would be, "What should our policy limit be?"

      This is not an easy question to answer, which may explain why it is asked so often. Regardless of your level of expertise in C... read more

    • 21 Aug

      Preparing for the Next Recession

      Economic conditions historically have a significant impact on CPA professional liability claims. When the economy is doing well, and businesses are relatively flush with money, people are less likely to notice funds missing. Fraud therefore tends to flourish and go undetected in good times... read more

    • 10 Jul

      Trustee Red Flags and Best Practices

      Many clients look to CPAs as the natural choice to fulfill the trustee role, manage the assets, and carry out client wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if a CPA unde... read more