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.

  • CPAs often attempt to deliver services that stretch their knowledge and skills — sometimes to the breaking point.
  • 30 Tips from 30 Years

    CAMICO offers 30 risk management tips in celebration of its first 30 years.

    CAMICO has collected valuable insights and information from the experience of more than 8,000 CPA firms across the country and from our own jury experience, research and consultations with defense attorneys. Here are 30 valuable lessons we have learned from the past 30 years to help CPAs and their firms better manage professional liability risk exposures. To learn more about each of these tips, click the ‘Read More’ link at the end of this list.

    1. What is your job?

    War Stories No. 1 and No. 106

    Subject: Employee Embezzlement

    Services: Write-up and accounting

    Ever since 1989 IMPACT has brought its readers War Stories from the CAMICO claims files. The War Story tradition continues to this day and is one of the many distinguishing characteristics of CAMICO’s exemplary loss prevention services, designed to warn policyholders of the many pitfalls and risk exposures facing CPAs.

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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