81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021
During the executive keynote presentation at Audit & Beyond, attendees were asked questions about the risks their businesses face as a result of the pandemic and looking forward. Responses reveal an evolving risk landscape with a variety of different ...
4 Tips for Preventing ACH Credit Fraud
Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud.
You will find a wealth of best practices and risk management resources at your fingertips on the CAMICO Members-Only Site. There are 5 main areas of important information and tools for accountants who are CAMICO policyholders.
- Knowledge Tree:
Accountants (CPAs) can receive training and NASBA-accredited CPE through the many free CAMICO educational opportunities available to CAMICO policyholders. In-depth risk management training provides up-to-date information and insights on issues of significance to the accounting profession. All CAMICO policyholders have access to the following:
CLAIMS HANDLING APPROACH
In spite of a CPA’s best intentions, there is always the potential for an error, omission, or client disappointment. CAMICO policyholders work directly with in-house claims specialists who have many years of experience in handling accountants’ professional liability insurance claims. CAMICO follows three basic steps when handling claims:
No-Cost In-House Expertise Utilize our in-house specialists who have an average of 16 years of experience in risk management and average of over 20 years of experience in public and private practice per individual. CPAs can call a General Loss Prevention hotline as well as specialized hotlines focused on the following areas:
- Accounting & Auditing