Search form

Blog

27 Jul

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.

By 0 Comments Read more...
27 Jul

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."

By 0 Comments Read more...
20 Jul

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.

By 0 Comments Read more...

Pages

Latest Articles

  • 29 Oct

    CAMICO and CPA Mutual Reach Agreement

    CAMICO and CPA Mutual Conclude Agreement to Transfer Accountants Professional Liability Insurance Program to CAMICO


    CAMICO, the nation's largest CPA-owned and directed program of insurance and risk management for the accounting profession, has reached an agreement with CPA... read more

  • 02 Oct

    Navigating Complex Conflicts of Interest

    While potential "conflict of interest" issues often arise because of married clients getting a divorce, other types of "splits" that may involve a dispute among shareholders, LLC members, partners and beneficiaries also present potential conflict-of-interest situations. The latter scenario... 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