CAMICO claims experience consistently shows that fraud claims occur in a wide range of engagement types, not just in attest engagements, as illustrated by the following chart on "Fraud Claims by Engagement."
CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, posted total policyholders’ surplus of $40.2 million and net income of $1.3 million for the year ended December 31, 2016.
CAMICO continued to maintain key financial ratios at historically high levels, and the policyholder retention rate for 2016 was 93.3 percent, consistent with an average policyholder retention rate of more than 93 percent for the past 23 years.
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.
All significant client meetings should be documented with a written description of the subjects discussed at the meeting. This will help ensure that both you and the client are proceeding with the same expectations and assumptions.
The IRS issued a warning this month in response to a scam that began with data stolen from tax professionals’ computers. The IRS also recommends steps that practitioners should consider to secure their data. Also included are CAMICO risk management tips.
CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, has appointed Michael Ryder as Vice President ... read more
Preparing tax returns for a married couple getting a divorce, or for business owners or partners in dispute, are highly charged situations that can present potential conflicts of interest. What’s the best way to navigate such situations?