This is a notice for site visitors.
This is a notice for site visitors
CAMICO has been developing risk management solutions for CPAs for more than 37 years, and we recognize and understand the challenges facing CPA firms navigating each tax season’s nuances. For example, the pandemic years’ economic and tax relief programs had complex, wide-ranging impacts on CPAs, tax practitioners, and their clients. Although most agree that the … Read more
Topic: False Claims Related to PPP Loans The following Q&A with CAMICO Claims experts reflects recent claims experience involving potential false claims related to Paycheck Protection Program (PPP) loans issued (and forgiven) during the COVID-19 pandemic. Q: What concerns have CAMICO policyholders recently reported regarding some PPP loans? A: They have reported matters involving clients … Read more
The Gramm-Leach-Bliley Act (“GLBA”) was passed by Congress in 1999 with bi-partisan support. A component of the GLBA, its Safeguards Rule, was first established in 2003, and required organizations defined as “financial institutions” to establish measures to keep their customers’ private information secure. In accordance with GLBA provisions, the Federal Trade Commission (“FTC”) has authority … Read more
Topic: Cyber – Stopping a Cyberattack in Its Tracks CAMICO policyholder Henry Gould of Gould & Young, LLC, received a text from the firm’s third-party IT company, LHG Consulting, that there was an issue with the company’s network. Taken back by the alert, Gould immediately headed to the office where an LHG specialist showed him … Read more
Greg Regan Greg Regan, CPA, CFF, MBA, was elected to CAMICO’s board of directors on June 13, 2023. Since 2014, Regan has served as a non-board committee member, previously on both CAMICO’s Investment Committee and CAMICO’s Risk Management Committee. Regan is the partner-in-charge of Hemming Morse’s Forensic and Financial Consulting Services Group and has testified in … Read more
Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate … Read more