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ssAdmin INSURANCE AND CYBERSECURITY: THE BAD GUYS ARE HERE Our previous blog explored cybersecurity threats facing banks and capital markets firms—and now I’d like to look at insurers. In our previous insurance industry report about cyber risk we noted a bit of overconfidence in executives’ responses to our survey. For example, about 80 percent of insurers … Read more
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 many times is more complex than a divorce because it involves more people, some of whom … Read more
Cannabis and CPAs: The business opportunities and risks Hosted by Neil Amato September 21, 2020 Cannabis for medicinal or recreational use is a fast-growing business, and the advisory opportunities for accountants in the industry are also growing. Along with those opportunities are emerging issues on the regulatory and risk fronts. Ron Seigneur, CPA/ABV, the managing … Read more
2020 tax software survey: Shares of respondents and product and company information By Paul Bonner September 1, 2020 In this year’s tax software survey by the Journal of Accountancy and The Tax Adviser, 3,210 CPAs assessed the software they used to prepare 2019 tax returns for a fee. The survey was conducted June 1–12, 2020. … Read more
CAMICO is pleased to announce its new Live Chat feature on our company website, www.camico.com. Policyholders and prospective new policyholders can now enjoy the benefit of our superb customer service online via Live Chat. Live Chat enables any visitor to CAMICO’s website to ask a quick question to a customer service representative in real-time, whether … Read more
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 problem with this approach … Read more
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