Tip of the month: 5 Warning Signs of a Claim

Even when covered by insurance, claims can have a significant impact on your practice in terms of time, money, professional reputation, and peace of mind. By knowing the warning signs of a claim, and calling your risk advisor early on, you can help minimize the impact of lost billable hours, revenue and sleep. What are the red flags? Here are five general warning signs that trouble may be brewing.

  • Friendly divorcing couples don't always stay friendly, and who do they blame when things don't work out the way they had hoped? The CPA.
  • March tip of the month: Conflict of Interest

    CPAs often run into situations where they have been preparing tax returns for a married couple for several years, and the couple decides to get a divorce. Divorcing spouses who ask their CPA to provide advice and services to both spouses often present a potential conflict of interest. Friendly divorcing couples don’t always stay friendly, and who do they blame when things don’t work out the way they had hoped? The CPA.

    Pages

    Latest Articles

    • 26 Aug

      When fraud is suspected

      Before taking any steps to help a client that may have suffered a fraud or misappropriation of assets, ask yourself the following questions:

      • Do I possess the requisite professional competence?
      • Do I have the necessary experience/qualifications?
      • Will my assistance i... read more

    • 27 Jul

      When to Use Mediation and Arbitration

      Mediation for all disputes

      Claims experience has shown that mediation has a high success rate when used as a first step to resolve all disputes, regardless of the engagement. CAMICO therefore recommends mediation for all disputes and engagements, except when the anticipated cost of... read more

    • 18 Jun

      AICPA Benevolent Fund

      As a CPA, you are a member of a growing, vibrant professional community that has afforded you great opportunities. As you plan your future, you may be considering ways in which you can help safeguard your community during times of struggle.

      ... read more

    • 18 Jun

      CAMICO War Stories #111-A and #111-B

      #111-A: Tax Return Preparation, Hacker Attack — When a hacker penetrated the CPA firm’s computer network, the firm’s cyber coverage responded with an investigation and comprehensive services.

      #111-B: Business Management Services, Email Fraud — The client... read more