SAN MATEO, Calif.--(BUSINESS WIRE)--CPAs can avoid many disputes and disappointed clients if they better understand the common dangers and pitfalls in the profession and how to avoid them, according to a loss prevention expert who will address upcoming sessions on practice and risk management in Virginia.
“Many CPAs don’t realize that significant claims can be made against them for ‘basic’ services such as bookkeeping, compilation and review services,” said Duncan B. Will, CPA/ABV/CFF, CFE, loss prevention manager/accounting and auditing specialist of CAMICO (www.camico.com), the nation’s largest CPA-directed program of insurance and risk management for the accounting profession.
“Most of us are aware of the risks stemming from audit engagements, but other engagements are often overlooked when it comes to effective risk management,” said Will. “The good news is that there are practical steps CPAs can take to help minimize their exposures.”
Will is scheduled to address CPAs attending the 45th Annual Virginia Accounting & Auditing Conference to be held Sept. 21-22 in Roanoke, Sept. 24-25 in Falls Church, and Nov. 19-20 in Virginia Beach. Detailed information about the conference can be obtained by clicking: Conference Brochure.
More practice management information is available on The Savvy CPA (www.thesavvycpa.com), CAMICO’s resource site, which provides some examples of the comprehensive advice and resources CAMICO provides its policyholders.
CAMICO delivers insurance, risk management and related services to more than 8,100 CPA firms and 53,000 staff members in 45 states and the District of Columbia. In addition to Virginia, the CAMICO program is sponsored by state CPA societies and associations in Arizona, California, Colorado, Greater Washington D.C., Indiana, Kansas, Mississippi, Missouri, Nevada, New Jersey, New York, South Carolina, Tennessee, Utah, and Washington. CAMICO provides Professional Liability Insurance, Employment Practices Liability Insurance, Business Owners Package, Workers’ Compensation, Personal Umbrella and other insurance products needed by CPA firms.