Remote Work Creating More Hacker and Malware Opportunities

As a result of the COVID-19 pandemic, working remotely has opened new potential access points and vulnerabilities that hackers are exploiting. CPA firms are already prime targets for identity thieves, and these new vulnerabilities exacerbate the profession's cyber-related challenges.

Since April 2020, 13 CAMICO policyholders have reported data breaches that in aggregate resulted in the hackers filing over 300 fraudulent income tax returns through the CPAs' tax software. Now, more than ever, data security is an urgent concern for the accounting profession.

CAMICO Receives Exclusive Sponsorship from Alaska Society of CPAs

CAMICO has received the exclusive sponsorship from the Alaska Society of CPAs (AKCPA) as the preferred provider of professional liability insurance and employment practices liability insurance for AKCPA members.

"CAMICO's value-added risk management services and insurance will provide AKCPA members with CPA-focused expertise, resources and advice on loss prevention concerns,” said Crista Burson, President and CEO of the AKCPA. “Our members will greatly benefit from CAMICO’s service-driven approach to CPA liability and practice issues."

Engagement Letter Essentials

Engagement letters help CPA firms improve communication with clients, document engagements more effectively, and protect the firms from litigation. Letters should be as detailed as possible in describing the nature and extent of the services that a firm is being retained to perform, as well as the services that are outside the scope of the engagement.

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