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Employee and candidate demands for a flexible schedule and/or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive. Firms that have not in the past considered allowing employees to work in a remote environment, citing security and control reasons, are now finding themselves with a limited … Read more

CPAs continue to be at high risk of social engineering attempts due to the type of information firms gather and store, and CAMICO has observed an uptick in the frequency of these attempts. “Phishing” is one of the more common social engineering scams. CAMICO has also observed a rise in fraudulent email requests for wire … Read more

In CAMICO’s 35 years of experience, economic conditions have had a significant impact on CPA professional liability claims. In light of the current economic challenges, now more than ever, CPAs will need to be prepared and vigilant to minimize the potential of additional liability exposures. Public Perception Jury research shows that the public, including clients, … Read more

Do Not Lose Coverage for Your Prior Acts! Most Accountants Professional Liability insurance policies are “claims made and reported” policies. Two important features of claims made and reported policies include: The insurance applies only to claims that are first made and reported to the insurance company during the policy period. The insurance provides coverage for … Read more