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 … Read more

U.S. Court Upholds Engagement Letter Language on Misrepresentations

The U.S. Court of Appeals for the Ninth Circuit earlier this year affirmed a U.S. District Court ruling in favor of a CPA firm in the case Mosier v. Stonefield Josephson, filed Feb. 23, 2016. The appellate court’s decision is significant and breaks new ground in California’s laws governing claims against auditors (and other professionals). … Read more

Social Media — the New Water Cooler

By Emily Franchi With the creation of the National Labor Relations Board (NLRB) and the passing of the National Labor Relations Act (the Act) in 1935, employees have enjoyed protection to speak freely with one another about their employer. This was commonly done over the office water cooler with office rumors and gossip being freely … Read more

30 Years of Risk Management

CAMICO’s founding in the midst of a professional liability crisis in the mid-1980s came out of an innovative, problem-solving approach taken to address several difficulties then facing CPAs. Many CPA firms had expanded into areas not traditionally associated with the profession: financial planning, business management and consulting, estate tax planning, and other fields that created … Read more