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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
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
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
Topic: Fraud, PPP loan Services: Tax return preparation, financial statement preparation Al Highsmith, the owner of an auto repair and restoration business, Classy Chassis, in the New England area, has had financial difficulties with the business for many years, partly because he “borrows” money from the business for personal expenses but does not repay the … Read more
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
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