CPA Fact or Myth - Put your Risk Management IQ to the test
#1 Following professional standards alone is enough to avoid a claim.
MYTH!
12
Nov
MYTH!
MYTH!
MYTH!
05
Nov
FASB ASC 606 – Don’t Get Revenue Wrecked
by Duncan B. Will, CPA/ABV/CFF, CFE
Of course, you're relieved and exhausted – in addition to the traditional tax and accounting services you perform for your clients as their accountant and trusted adviser, you've helped them address the new tax law, consulted on a variety of issues, and assisted them with understanding and implementing the new revenue recognition standard.
Of course, you're relieved and exhausted – in addition to the traditional tax and accounting services you perform for your clients as their accountant and trusted adviser, you've helped them address the new tax law, consulted on a variety of issues, and assisted them with understanding and implementing the new revenue recognition standard.
05
Nov
New ‘Hosting Services’ Interpretation – Is Your Independence Impaired
The new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143) became effective July 1, 2019. Under this interpretation, CPA independence is impaired by taking responsibility for hosting a client's data or records, but "hosting services" are broader than most CPAs originally thought.
What are hosting services?
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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
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27 Jul
Policyholders Respond to CAMICO Survey on the Pandemic
More than 900 CAMICO policyholders responded to a survey recently regarding the COVID-19 pandemic impacts on CPA firms. CAMICO conducted the survey to learn more about how policyholders are being affected by the crisis and what they view as their top challenges. The survey also included co... read more
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27 Jul
In Memoriam: Tag Wilson
Tag Wilson, a dedicated CAMICO claims team member, passed away unexpectedly in February 2020. Tag had been with CAMICO since 2001 and was a passionate advocate o... read more