When to Use Mediation and Arbitration

Alternative dispute resolution (ADR) can be an effective way to reduce the time, expense and stress of resolving professional liability disputes when used thoughtfully and in suitable circumstances. Mediation and arbitration are forms of ADR that can significantly reduce the cost and the emotional roller-coaster ride of disputes when used appropriately.

How to respond to subpoenas

CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with a number of rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can minimize their professional liability exposures when responding to them.

What is a subpoena?

Pages

Latest Articles

  • 17 Jun

    Taxpayer Filing Requirements for Foreign Accounts

    If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct... read more

  • 16 Jun

    Cyber Best Practices for Remote Work

    What cyber best practices does CAMICO recommend for remote work, given the pandemic’s "new normal?"

    The sudden transition to accommodate employees working remotely in response to the pandemic had many CPA firms rushing to establish or update their policies and security protocol... read more

  • 16 Jun

    Why It is Important to Maintain Prior Acts Coverage

    Do Not Lose Coverage for Your Prior Acts!



    Most Accountants Professional Liability insurance policies are “claims made and reported” policies. Two important features of claims made and reported policies include:

    1. The insurance applies only t... read more