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  • what if the client becomes the target of a federal investigation, and the association between the client and the firm becomes public?
    • 11 Aug

    Marijuana Business Clients: ‘Smokin’ Hot’ Issues for CPAs

    The marijuana industry is a prime example of a “current, emerging and future” risk area, given the number of perplexing difficulties CPAs face when trying to assess the special considerations pertaining to marijuana business clients and to the CPA firms that service such clients. At the heart of the difficulties is the split between federal law, under which marijuana is basically illegal, and the laws in states where voters or legislators have approved measures to allow the use of marijuana for medical and/or recreational purposes.

    By Firm Advice, IMPACT Article 0 Comments Read more...
    11 Aug

    SSARS No. 21 Risk Management and Implementation Issues

    By Duncan B. Will, CPA / ABV / CFF, CFE

    AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review Services (SSARS) No. 21 in October 2014. This Standard marked the conclusion of the ARSC’s Clarity Project, which clarified and modified existing standards covering the performance of review and compilation engagements for historic financial statements.

    By Firm Advice, IMPACT Article 0 Comments Read more...
    16 Jun

    Alert — New California Law — Assembly Bill 1522, California Paid Sick Leave Law aka “Healthy Workplaces, Healthy Families Act of 2014”

    On Sept. 10, 2014, Governor Jerry Brown signed AB 1522 — the Healthy Workplaces, Healthy Families Act of 2014 (“HWHFA”). Effective July 1, 2015, California law will mandate paid sick leave accrual for employees statewide at a rate of one hour for every 30 hours worked, allowing employers to cap employee use of paid sick leave to 24 hours (or three days) per year, with accompanying notice and recordkeeping requirements.

    By Alerts 0 Comments Read more...

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    Latest Articles

    • 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

    • 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