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
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Employment Applications: More Than Just an HR Best Practice
Why would we ask a professional candidate with a well-crafted resume to complete an employment application? While many might think that a resume and an employment application are redundant, not all the information requested on an employment application is included on a resume. It is typically a best practice to simply let the candidate know … Read more
What’s the Right Policy Limit for Your Firm?
A frequently asked question by CAMICO policyholders is, “What should our policy limit be?” This is not an easy question to answer, which may explain why it is asked often. The answer to the question requires a careful consideration of a variety of factors that run the gamut from the relatively well defined, such as … Read more
Billing, Collecting and Suing for Fees
Q&A from CAMICO experts on new findings and recent claims involving CPA fees, billings, collections, suits for fees, and arbitration.
Indemnification: Questions to Ask Before Signing an Agreement
It’s important that before you contractually bind the firm to an arrangement of this significance, take the time to understand all the implications of the legalese in the agreement. Make sure you are comfortable with the agreement and the expectations that will fall on the firm – and ask key questions before agreeing to any indemnification and hold harmless clauses.
Crypto: Thinking Future Risk and Defensive Documentation
“Hope for the best, plan for the worst” — a very sound risk management approach. When it comes to your client being exposed to cryptoasset risk “plan for the worst” is necessary. No one at CAMICO, or anywhere else, knows whether cryptoassets will suffer a crash in value. What we at CAMICO do know is … Read more