The Dos and Don'ts of Disengaging

Whether due to the "great resignation," the "great reassessment," or the "baby boomer departure," the CPA profession is experiencing a diminishing workforce while facing "standards overload," handling a variety of relief programs, coping with innumerable IRS issues, and dealing with the constant stress of limited resources and elevated client demands.

What can you do?

Responsibilities to Clients When a CPA Firm Is Merging or Acquired

Arthur J. (Kip) Dellinger, Jr., CPA

It is not news to CPAs and their firms that the profession began undergoing an enormous consolidation a few years ago, which is expected to accelerate over the next several years. This is a result of many factors — retirement planning, monetizing of client values, staggering advances in technology, market share and services expansion, among many other reasons.

Cyber Exposures … the Saga Continues

There appears to be a new cybersecurity story in the news every day, from attacks on major infrastructure to small companies being held for ransom. Therefore, it should be no surprise to anyone that CAMICO is also seeing an uptick in the number of cyber-related claims impacting CPA firms and unfortunately, the severity of these cybercrimes and ransomware attacks have grown in recent years.

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Latest Articles

  • 10 Aug

    5 Warning Signs of a Claim

    Even when covered by insurance, claims can have a significant impact on your practice in terms of time, money, professional reputation, and peace of mind. By knowing the warning signs of a claim, and calling your risk advisor early on, you can help minimize the impact of lo... read more

  • 24 Jun

    Indemnification: Understanding Your Risks

    By Suzanne M. Holl, CPA

    CPA firms are experiencing an uptick in clients trying to embed indemnification and hold harmless clauses in various agreements. Many of the clauses are inappropriate for CPA services or overly broad – even to the point of shifting all ... read more