5 Key Resources on the Members-Only Site (MOS) for CAMICO Policyholders

You will find a wealth of best practices and risk management resources at your fingertips on the CAMICO Members-Only Site. There are 5 main areas of important information and tools for accountants who are CAMICO policyholders. Knowledge Tree: Locate documents quickly in this searchable library with hundreds of relevant accounting and tax resources, including risk … Read more

Changes to AICPA Interpretations and Definitions Pose Risks for Those Unaware

The AICPA’s Professional Ethics Executive Committee has revised existing ethics definitions and existing and adopted new interpretations. The new and revised interpretations and guidance include new definitions for “Attest client” (ET sec. 0.400.03) and “Client” (ET sec. 0.400.07) which could be an issue for accountants unaware of the change. The revised definition of “Client” clarifies … Read more

War Stories No. 1 and No. 106

Subject: Employee Embezzlement Services: Write-up and accounting Ever since 1989 IMPACT has brought its readers War Stories from the CAMICO claims files. The War Story tradition continues to this day and is one of the many distinguishing characteristics of CAMICO’s exemplary loss prevention services, designed to warn policyholders of the many pitfalls and risk exposures … Read more

U.S. Court Upholds Engagement Letter Language on Misrepresentations

The U.S. Court of Appeals for the Ninth Circuit earlier this year affirmed a U.S. District Court ruling in favor of a CPA firm in the case Mosier v. Stonefield Josephson, filed Feb. 23, 2016. The appellate court’s decision is significant and breaks new ground in California’s laws governing claims against auditors (and other professionals). … Read more

Social Media — the New Water Cooler

By Emily Franchi With the creation of the National Labor Relations Board (NLRB) and the passing of the National Labor Relations Act (the Act) in 1935, employees have enjoyed protection to speak freely with one another about their employer. This was commonly done over the office water cooler with office rumors and gossip being freely … Read more

CAMICO Appoints VP of Claims

Wigboldy joined CAMICO in October 2014 and is responsible for CAMICO claims operations. He has more than 30 years of insurance industry experience in various claims positions, most recently with The Hartford Financial Insurance Group, Inc., as regional vice president, general liability field claims, responsible for claims management in 29 states. He began his insurance … Read more