This is a notice for site visitors.
This is a notice for site visitors
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Many clients look to CPAs as the natural choice to fulfill the trustee role, manage the assets, and carry out client wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if a CPA underestimates trusteeship risk, what … Read more
Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate … Read more
CAMICO has been developing solutions for CPA professional liability problems for more than 35 years, and tax season has always been a major part of that activity. The use of engagement letters for non-audit work, including tax engagements, was pioneered by CAMICO as an effective way to help document the CPA’s understanding with the client. … Read more
A frequently asked question by CAMICO policyholders is, “What should our policy limit be?” This is not an easy question to answer, which may explain why it is asked often. The answer to the question requires a careful consideration of a variety of factors that run the gamut from the relatively well defined, such as … Read more
By Suzanne M. Holl, CPA CPA firms are experiencing an uptick in clients trying to embed indemnification and hold … Read more
It’s important that before you contractually bind the firm to an arrangement of this significance, take the time to understand all the implications of the legalese in the agreement. Make sure you are comfortable with the agreement and the expectations that will fall on the firm – and ask key questions before agreeing to any indemnification and hold harmless clauses.
1800 Gateway Drive, Suite 200, San Mateo, California 94404
800.652.1772 / 650.378.6800 / inquiry@camico.com
CAMICO Services, Inc. dba CAMICO Insurance Services, CA License #0C09618. CAMICO Mutual Insurance Company, (Rated A- (Excellent) by AM Best) San Mateo, CA, domiciled in California is licensed in all states and the District of Columbia, NAIC #36340. Copyright © 2024 CAMICO. All rights reserved. Website design by StyleSite.