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13 Nov

The New 'Hosting Services' Interpretation

Under the new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143), effective July 1, 2019, CPA independence is impaired by taking responsibility for hosting a client's data or records. As such, if the only way that the client can access its complete records is through the CPA firm, the CPA firm's independence is deemed impaired.

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12 Nov

CPA Fact or Myth - Put your Risk Management IQ to the test

#1 Following professional standards alone is enough to avoid a claim.

MYTH!

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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.

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Latest Articles

03 Apr

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 ... read more
26 Mar

Engagement Letter Template: Assistance with SBA Loan Application Process

[Date]

[Client Representative]
[Client Name]
[Client Address]

Dear [Client Representative]:

This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we wil... read more
24 Mar

Template for Communication to Firm Clients

Dear [Name/Valued Client],

As you know, new details about COVID-19 (Coronavirus) unfold hourly. Yet what remains unchanged is [Firm Name]’s dedication to the health and safety of our people, clients, and the communities we serve. While prioritizing safety, we continue to ada... read more
23 Mar

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 exe... read more

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The New 'Hosting Services' Interpretation

CPA Fact or Myth - Put your Risk Management IQ to the test

#1 Following professional standards alone is enough to avoid a claim.

FASB ASC 606 – Don’t Get Revenue Wrecked

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Latest Articles

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

Engagement Letter Template: Assistance with SBA Loan Application Process

Template for Communication to Firm Clients

CAMICO Guidance Related to Stay-at-Home Orders

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