War Story 105: Co-Trusteeship, Potential Conflict of Interest
IMPACT’s fifth interactive War Story covers a dysfunctional family's trust, and how the CPA firm should handle it.
Click here to take the interactive quiz now!
24
Feb
23
Feb
Risk Management Tips for Tax Season
With the increasing complexities in tax law and regulations facing CPAs today, it is even more difficult to stay current on risk management and loss prevention practices. IMPACT presents the following overview of key liability areas, pitfalls and tips as a guide for tax practitioners heading into busy season.
23
Feb
DOL Employee Benefit Plan Audit Inspections
Special attention should be paid to a new consent form now accompanying document requests from the Office of the Chief Accountant (OCA) under the U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA). Recent OCA document requests now include a request for the CPA to consent to the release of the CPA’s audit workpapers to other authorities. Many CPAs, believing they are required to sign the consent or not aware of its implications, are signing the consent.
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26 Aug
Introducing Live Chat at CAMICO!
CAMICO is pleased to announce its new Live Chat feature on our company website, www.camico.c... read more -
19 Aug
Do You Believe You Will Never Be Sued?
Some CPAs believe that they will never be sued and therefore believe they do not need professional liability or other forms of insurance. The reasons for this position vary, but some common ones include, "I don't make mistakes," "All of my clients are friends," or "I do tax work only." The... read more
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27 Jul
Exclusive Policyholder Benefits
Risk management services and resources to help you with today's practice challenges
CAMICO knows that insurance alone is not a solution for reducing risks. That's why you have access to CAMICO’s proven approaches that have helped numerous CPA firms manage risk and avoid claims.... read more -
27 Jul
War Story 117 - Ransomware Attack
A staff member of a mid-size CPA firm logged into a public wi-fi network at a coffee shop and spent the morning working on firm files while on the public network. A few days later the employee received an email message from a hacker stating that a ransomware attack had encrypted all of the... read more