Conflicts of Interest Still Cause Trouble for CPAs
By Duncan B. Will, CPA/ABV/CFF, CFE Conflicts of interest have long been a major factor in professional liability claims against CPAs. Part of … Read more
CAMICO
Meet CAMICO’s New Vice President of Information Technology John Zissu
John Zissu became Vice President of Information Technology on April 7, 2025. John Zissu joined CAMICO as Vice President of Information Technology on April 7, 2025. Prior to CAMICO, Zissu served as Vice President – Platform Owner at Everest North America and as Vice President of Technology at Tokio Marine HCC (TMHCC), where he spearheaded … Read more
CAMICO Tip: Best Practices to Prevent Wire Transfer Fraud
Q: My client has asked our firm to initiate wire transfers. What risks are associated with agreeing to initiate wire transfers and what protocols should our firm consider? A: CPA firms continue to be at high risk of social engineering attempts due to the type of information firms gather and store. If the firm and/or a … Read more
CAMICO Tip: Tax Engagements – Managing Client Expectations
Are you taking the right steps to manage (and document) client expectations? Effective communication is a key factor in any CPA-client relationship, and when you work to stay in control of managing client expectations, you help to safeguard your firm. To that end, good documentation is critical to successfully managing client expectations. Jurors (members of … Read more
CAMICO Tip: Best Practices When E-filing Tax Returns
Q: With most tax returns being e-filed, has CAMICO noticed any trends in e-filings not going through? If so, what advice do you have for policyholders to prevent or address these situations? A: CAMICO has observed a rise in issues with e-filed tax returns, including processing failures and fraudulent filings. To address these challenges, firms … Read more
Engagement Letter Do’s and Don’ts
Signed engagement letters help CPA firms improve communication with clients and protect the firm from litigation as “the first line of defense.” Use the following tips to help you write more effective engagement letters. Engagement letters should…• State the purpose of the engagement.• Define the scope and limits of the engagement.• Specify known negative conditions … Read more
