CAMICO Named Preferred Provider for the Oregon Society of CPAs

CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, has been named the preferred provider of professional liability and employment practices liability insurance for the Oregon Society of CPAs (OSCPA).

Created by CPAs to protect CPAs, CAMICO provides insurance products and comprehensive risk and claims management services to help CPA firms minimize losses on a proactive basis.

Billing, Collecting and Disengagement


Billing Tips

If the bill or its description of services is unclear, clients will be inclined to put it aside and to call about it later, lengthening the time it takes to pay the bill. Bills that are standardized, clear, concise and descriptive are more likely to be paid sooner.

All professionals with the firm should be accountable for their timesheet and billing deadlines, but their billable time should be protected by using administrative staff with appropriate training and support to prepare bills and collect payments.

3 Ways CPAs Can Avoid Disputes

Document, document, document.

Keeping good documentation is the single best way to manage your risk. If you’re ever the subject of a lawsuit, your documentation can be the difference between escaping unscathed and being held responsible for damages. When a lawsuit goes to trial, the plaintiffs have the right to look through all relevant documents in a process called discovery. If you, as a defendant, have extensive documentation that makes it hard for the plaintiff to prove liability, they may be more inclined to settle the case early.

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