Test Your Cyber IQ

Cyber-security has been a major risk concern for CPA firms of all sizes across the country. Trusted advisers such as CPAs should therefore be well-informed about preventive measures in order to assist their firms and clients with the pre-breach environment, and to reduce the losses associated with the post-breach environment.

CPAs as Agents for Small Business Administration Paycheck Protection Program (PPP) Loans

CAMICO has received numerous inquiries from policyholders regarding assisting clients with Paycheck Protection Program ("PPP") loans.

Guidance promulgated by the Small Business Administration ("SBA") earlier this week created some confusion regarding the accountant’s role and whether accountants are considered "agents" or "authorized representatives" when performing these services.

CAMICO Guidance Related to Stay-at-Home Orders

As of the timing of this communication (March 23, 2020), CAMICO is aware of four states (CA, IL, NJ and NY) that have issued formal state-wide orders for all residents to stay at home, with several other states (CT, DE, KY, OH, LA, MA, MI, NV, PA and WI) announcing similar orders to be executed in the next day or so. More states are expected to announce comparable orders in the very near future. The common thread in all of these orders is the intent to restrict non-essential movements in an effort to control the spread of the coronavirus that threatens to overwhelm the medical system.

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Latest Articles

  • 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

  • 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