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CAMICO Reports Gains in Policyholders’ Surplus, Written Premium

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Details Released in 2021 Operations Report SAN MATEO, Calif.- CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders’ surplus of more than $46 million and gross written premium of more than $65 million for the year ended December 31, 2021. CAMICO has continued to … Read more

Disengaging with a Client to Benefit Your Firm

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By Suzanne M. Holl, CPA Even CPAs who are highly skilled at bringing in new clients and nurturing those relationships will periodically encounter situations that call for a client disengagement. Disengaging with a client has the potential to be unpleasant, but this measure can be a practice management tool that increases firm profitability and creates … Read more

Documentation, Engagement Letters Key to Tax Risk Management

Documentation - engagement letters are the key to tax risk management

By Suzanne M. Holl, CPA and Duncan B. Will, CPA/ABV/CFF, CFE CPA liability exposures during tax season are always a concern, regardless of economic or professional conditions. However, in the wake of the pandemic, liability exposures during this tax season are even more exacerbated given the added complexities associated with the magnitude and state of … Read more

Remote Work Security from Hackers and Malware

Remote work security from hackers and malware for CPA's and accounting firms

by Randy R. Werner, J.D., LL.M./Tax, CPA With some professionals returning to the office while others are choosing a hybrid or remote work setup, working outside the office is opening new access points and vulnerabilities for hackers to exploit. CPA firms are already target-rich environments for identity thieves, and any new vulnerabilities exacerbate the profession’s … Read more

Top 5 Ways a CPA Can Invite a Malpractice Lawsuit

Top 5 Ways a CPA can invite a malpractice lawsuit - how to protect your accounting firm

With our more than 35 years of malpractice claims experience, CAMICO has developed a wealth of information about what causes disputes between CPAs and their clients, what leads to litigation, and how to avoid or minimize the damages from such conflicts. The following five pitfalls are especially prone to litigation but can be avoided when … Read more

Ric Rosario Named in Top 100 People in Accounting

Ric Rosario named to top 100 people in the accounting profession

CAMICO President and CEO Ric Rosario, CPA, was recently named one of Accounting Today’s “Top 100 Most Influential People in Accounting: The thought leaders and change-makers who are shaping the profession.” Here is the entry for Rosario in the Top 100 list: Ric Rosario President and CEO, CAMICO As chief of one of the major … Read more