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26 May

Advise and Warn Clients of Embezzlement Risks

By Ron Klein, J.D.

The classic small-business embezzlement scenario has occurred so many times over the years that CAMICO Loss Prevention specialists have it memorized:

The client is a small business owner who is too busy running the business to supervise the bookkeeping and banking activities. On top of that, there aren’t enough employees for the separation of the cash and checking-related functions.

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20 May

Cyber-Security for Working Remotely

CAMICO's recent cyber claims experience shows that the cyber-security of employees working remotely has not been as effective generally as cyber-security in an onsite office location. The lower security is being exploited by hackers, many of whom are increasing their ransomware demands.

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18 May

PPP Update / Returning to the Office —The 'New Normal'

CAMICO continues to monitor the information and guidance on COVID-19 relief measures being put into place by regulatory and legislative bodies to combat the detrimental impacts of this pandemic on people, as well as on the economy.

Paycheck Protection Program ("PPP") — Updated Guidance from the SBA

On Wednesday, May 13th, the Small Business Administration ("SBA") updated their Frequently Asked Questions Document ("FAQ") and added FAQ #46 and FAQ #47.

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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