This is a notice for site visitors.
This is a notice for site visitors
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Topic: Fraudulent PPP loans Services: Tax return preparation Russ Erickson, CPA, knew something was wrong when the IRS began rejecting tax returns he had prepared and submitted for some of his clients. When he contacted the IRS, they suspected that the clients’ Social Security Numbers (SSNs) had already been used for fraudulent tax returns, indicating … Read more
Employee and candidate demands for a flexible schedule and/or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive. Firms that have not in the past considered allowing employees to work in a remote environment, citing security and control reasons, are now finding themselves with a limited … Read more
(All Free to CAMICO Policyholder Firms) We are happy to announce we have recorded some new webcasts and have updated others. In addition, we are offering a wide selection of self-study courses leased from Checkpoint Learning. Included are several “nano” courses, which are typically 0.2 credits and run approximately 10 minutes. Some states allow nano … Read more
We have reviewed all of our engagement letters and have updated the letters as necessary for the 2021/2022 tax year. You’ll find our most popular letters on the Members-Only Site in the Engagement Letters Resource Center. For tax letters: A date following the title means the letter was reviewed and updated (e.g., [Name of Letter] … Read more
CPA firms should evaluate all potential new clients and re-evaluate all current clients on a regular basis, at least annually. This enables the firm to better monitor clients, consider any changes that might affect the professional relationship, and avoid situations that could escalate into crises. Firms can also stipulate in their engagement letters that the … Read more
CPAs continue to be at high risk of social engineering attempts due to the type of information firms gather and store, and CAMICO has observed an uptick in the frequency of these attempts. “Phishing” is one of the more common social engineering scams. CAMICO has also observed a rise in fraudulent email requests for wire … Read more
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