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Tax professionals urged to increase cyber vigilance as tax season heats up

CAMICO claims experience shows that cybercriminals tend to step up their attacks in late March and early April as tax professionals work to wrap up their clients’ tax returns. Tax professionals are urged to be extra vigilant for email scams, even as tax work intensifies. Cybercriminals have been focusing on accounting and tax firms where … Read more

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5 Key Resources on the Members-Only Site (MOS) for CAMICO Policyholders

You will find a wealth of best practices and risk management resources at your fingertips on the CAMICO Members-Only Site. There are 5 main areas of important information and tools for accountants who are CAMICO policyholders. Knowledge Tree: Locate documents quickly in this searchable library with hundreds of relevant accounting and tax resources, including risk … Read more

3 Areas of Expertise: No-Cost In-House Expertise for Policyholders

No-Cost In-House Expertise Utilize our in-house specialists who have an average of 16 years of experience in risk management and average of over 20 years of experience in public and private practice per individual. CPAs can call a General Loss Prevention hotline as well as specialized hotlines focused on the following areas: Tax Accounting & … Read more

Changes to AICPA Interpretations and Definitions Pose Risks for Those Unaware

The AICPA’s Professional Ethics Executive Committee has revised existing ethics definitions and existing and adopted new interpretations. The new and revised interpretations and guidance include new definitions for “Attest client” (ET sec. 0.400.03) and “Client” (ET sec. 0.400.07) which could be an issue for accountants unaware of the change. The revised definition of “Client” clarifies … Read more

Top 5 Ways CPAs can be sued for Malpractice [Infographic]

CAMICO – CPA Professional Liability Insurance provider for over 30 years – has developed a wealth of information about what causes disputes between CPAs and their clients. Here are five pitfalls that are especially prone to litigation (CPA Malpractice). Learn more about how CAMICO helps accountants by providing valuable services and resources at no additional … Read more

Practice Continuation for Small Accounting Firms [Infographic]

No one likes to think about it, but as we age, some of us will become critically ill or injured, and some of us will experience a long-term disability or even have family emergencies or obligations. This is where practice continuation planning is important. Visit https://www.camico.com/blog/Practice-Continuation-for-Small-Accounting-Firms to learn more about additional resources utilized by our … Read more