Blog | Page 16 | CAMICO®

10 Jul

Trustee Red Flags and Best Practices

Many clients look to CPAs as the natural choice to fulfill the trustee role, manage the assets, and carry out client wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if a CPA underestimates trusteeship risk, what may appear to be a safe and simple role can become a Pandora's box of sibling rivalries, aging parental battles, competing interests, disruptive lawsuits, and financial losses.

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13 Jun

Report potential claims and claims as early as possible

CPAs are often so busy that they don't recognize or acknowledge a potential claim as it is developing. This can be particularly devastating when the damages claimed are significant and are not covered because of late reporting. It's important to pay attention to potential issues and to report them as soon as there may be a problem.

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05 Jun

Protect Your Firm by Implementing Sound Billing and Collection Practices

Problems arising from billing and collections practices have often plagued CPA firms. But by taking a few basic steps, 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, generate more fees and improve cash flow. Many of those steps should begin in advance of a client engagement.

Client screening

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Latest Articles

20 May

Cyber-Security for Working Remotely

CAMICO's recent cyber claims experience shows that the cyber-security of employees working remotely has not been as effective generally as cyber-security in an onsite office location. The lower security is being exploited by hackers, many of whom are increasing their ransomware demands. <... read more
18 May

PPP Update / Returning to the Office —The 'New Normal'

CAMICO continues to monitor the information and guidance on COVID-19 relief measures being put into place by regulatory and legislative bodies to combat the detrimental impacts of this pandemic on people, as well as on the economy.

Paycheck Protection Program ("PPP") —... read more
28 Apr

Potential Legal and Regulatory Risks Regarding Small Business Eligibility for Paycheck Protection Program (“PPP”) Loans

President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (“Enhancement Act”) on Friday, April 24th. This legislation infuses $310 billion into the Paycheck Protection Program (“PPP”) with more than $250 billion in unrestricted funds for the program and... read more
21 Apr

CAMICO Receives Exclusive Sponsorship from Alaska Society of CPAs

CAMICO, the nation's largest CPA-owned and directed program of insurance and risk management for the accounting profession, has received the exclusive sponsorship from the Alaska Society of CPAs (AKCPA) as the preferred provider of professional liability insurance and employment practices ... read more

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Trustee Red Flags and Best Practices

Report potential claims and claims as early as possible

Protect Your Firm by Implementing Sound Billing and Collection Practices

Client screening

Pages

Latest Articles

Cyber-Security for Working Remotely

PPP Update / Returning to the Office —The 'New Normal'

Paycheck Protection Program ("PPP") —... read more

Potential Legal and Regulatory Risks Regarding Small Business Eligibility for Paycheck Protection Program (“PPP”) Loans

CAMICO Receives Exclusive Sponsorship from Alaska Society of CPAs

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