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Practice Management Tools
Over the years, CAMICO has established a reputation as an industry leader. We offer exceptional support and an array of innovative tools and techniques designed to help CPAs better protect themselves against professional liability claims. CAMICO is actively involved in researching and developing services and products that fit the needs of the profession, always keeping a finger on the pulse of current issues and trends.
The practice management tools offered by CAMICO are individual pieces that, when used in concert, provide an extensive support system for the CPA seeking protection from liability. By incorporating these tools into everyday practice habits, CPAs lessen the odds of being targeted in a lawsuit, while growing and improving their business.
Risk Management Resource Library on the CAMICO Members-only Site
Our Members-only site contains an extensive array of information and covers practice issues ranging from engagement letters and client screening to fee collection and proper disengaging.
Documentation Tips and Notepad
A quick-reference fact sheet that contains the essentials of good documentation, along with a pad of preprinted forms, allowing you to easily record client decisions, conversations and meetings in an organized fashion. The documentation pad is also available as a fillable PDF form on the CAMICO Members-only Site.
Claims Trends and Analysis
Find out the latest trends in risky practice areas analyzed in terms of frequency and dollar severity.
Prospective Client Investigation
Receive client screening and investigative services designed to fit your particular needs from Scherzer International, an invaluable client screening tool in today's business environment. For more information on the various levels of services provided by Scherzer International, visit www.scherzer.com.
Engagement/Disengagement/Third-Party Reliance Letters
Engagement letters, disengagement letters and third-party reliance letters are drafted specifically to protect CPAs through definition of scope and assignment of responsibility. CPAs finding themselves at a loss for words can rely on our sample letters.
Risk Management Materials
The Loss Prevention Department maintains a library of accounting and risk management materials that policyholders can access on the CAMICO Members-only site. These items include letters to clients, checklists, articles and war stories.
Risk Assessment Tool
CAMICO has partnered with Montage Analytics to provide Montage's tool, CPA-CARATTM (Computer-Aided Risk Assessment Tool), free of charge to policyholders. CPA-CARAT will help you identify the areas where your firm is most vulnerable to professional liability risk. Complete a brief questionnaire and receive your confidential risk assessment report from Montage Analytics, which will outline your exposure areas and provide links to CAMICO's risk management tools and resources to help address each of the high-risk areas.
IMPACT Newsletter/Trade Journal Articles
IMPACT is CAMICO's quarterly newsletter that focuses primarily on practice and risk management issues. It is sent directly to all named owners of a member firm. For extra copies, please contact the CAMICO Marketing and Communications Department at 1.800.652.1772. Additionally, look for the various articles and editorials we regularly contribute to such industry trade publications as The Journal of Accountancy and The Practical Accountant.
CPA's Guide to Effective Engagement Letters (CCH Publishers, Inc.)
CAMICO has updated the best seller, CPA's Guide to Effective Engagement Letters, co-authored by CAMICO's own Ron Klein, J.D.; Ric Rosario, CPA; and Suzanne M. Holl, CPA. This book provides the tools you need to create effective engagement letters and is composed primarily of annotated "parts" of an engagement letter, which you can piece together to create an entire engagement letter. The book includes actual letters that you can customize for your own purposes. CAMICO policyholders can purchase this book at a significant discount.
Phone: 1.800.652.1772
Fax: 1.800.227.2090
Email: lp@camico.com
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