Understand Your Risks: Generative Artificial Intelligence Solutions

Generative artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity. As the use of AI technology evolves, CPAs need to obtain a solid understanding of their needs and objectives – and gain an understanding of … Read more

Loss Prevention Best Practices for Tax Season

A desk with the word "Taxes" spelled out on it

CAMICO has been developing solutions for CPA professional liability problems for more than 35 years, and tax season has always been a major part of that activity. The use of engagement letters for non-audit work, including tax engagements, was pioneered by CAMICO as an effective way to help document the CPA’s understanding with the client. … Read more

COMING SOON: A Comprehensive Cyber Solution Platform for CPA Firms with the CyberCPA Endorsement

A design of a technological lock

CAMICO is pleased to announce that we have entered into a relationship with Zywave, our strategic partner, to offer qualifying policyholders access to a comprehensive cyber solution platform offering cyber-related assessments; training opportunities, policies and procedures, a phishing test and access to cyber experts via their advice hotline. The new platform’s anticipated go-live is scheduled … Read more

Claim Chronicles 121-B

Old-school phones connected to each other

Topic: Fraudulent Wire Transfers, Social Engineering SchemeServices: Bookkeeping and Bill Pay Worthingham Financial, an established accounting firm, has been providing bookkeeping and bill pay services to consumer finance business Smart Money Express. The process is consistent — Smart Money receives its invoices from its Chief Operating Officer Larry Tollefson. If the invoices are for more … Read more