ssAdmin

Cyber claims trends have increased over the past year. CAMICO Mutual Insurance provides critical cyber coverage to accountants for cyber risks through an arrangement with NAS Insurance and explains the update on current cyber claims trends below. 2016 Cyber Claims 2016 was the year of ransomware, with “[an increase] from one every 2 minutes, to … Read more

With cyber-attacks and data breach incidents growing in frequency, it is critical to ensure that your firm has taken all reasonable measures to protect your clients and the firm from hackers. Consider the following questions. If your answer to any of them is “no,” your firm may be vulnerable to hackers. Does your firm backup … Read more

Assertion. Any declaration or set of declarations about whether the subject matter is in accordance with (or based on) the criteria. Criteria. The benchmarks used to measure or evaluate the subject matter. Engaging party. The party(ies) that engages the practitioner to perform the attestation engagement. General use. Refers to prospective financial information for use by … Read more

Provide Your Clients the HR Services You Can’t Offer Yourself Your clients count on you as their trusted advisor to recommend opportunities and solutions that can benefit their businesses. Now CAMICO and Mammoth HR , one of CAMICO’s strategic partners, are teaming up to offer policyholders access to Mammoth’s industry-leading virtual HR helpdesk services. With … Read more

First and foremost, cannabis is still considered an illegal Schedule 1 substance under federal law, and there are no guarantees that current or future administrations will continue the discretionary position that is the foundation for this industry. This dichotomy creates ethical and moral quandaries for CPAs. For example, would rendering services (tax, accounting, consulting services, … Read more

Trevor Loomis, Managing Partner of Loomis CPA Firm, had always been known as a respected CPA and an all-around great guy to work for. In fact, the employees of the firm considered Trevor family and vice versa. Everyone in the firm enjoyed teasing each other, and all topics were fair game. Trevor would even disclose … Read more