CPA Fact or Myth - Put your Risk Management IQ to the test
#1 Following professional standards alone is enough to avoid a claim.
MYTH!
12
Nov
MYTH!
MYTH!
MYTH!
05
Nov
FASB ASC 606 – Don’t Get Revenue Wrecked
by Duncan B. Will, CPA/ABV/CFF, CFE
Of course, you're relieved and exhausted – in addition to the traditional tax and accounting services you perform for your clients as their accountant and trusted adviser, you've helped them address the new tax law, consulted on a variety of issues, and assisted them with understanding and implementing the new revenue recognition standard.
Of course, you're relieved and exhausted – in addition to the traditional tax and accounting services you perform for your clients as their accountant and trusted adviser, you've helped them address the new tax law, consulted on a variety of issues, and assisted them with understanding and implementing the new revenue recognition standard.
05
Nov
New ‘Hosting Services’ Interpretation – Is Your Independence Impaired
The new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143) became effective July 1, 2019. Under this interpretation, CPA independence is impaired by taking responsibility for hosting a client's data or records, but "hosting services" are broader than most CPAs originally thought.
What are hosting services?
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Latest Articles
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07 Feb
Hacker Attacks on Email Systems and Tax Files
CAMICO's cyber-related claims experience reveals that hacker attacks on CPA firm email systems were the most frequent cause of cyber-losses for firms. These cyber-attacks accounted for almost two-thirds of cyber-related claims.
Many claims are also related to tax return prepa... read more -
17 Jan
War Story #116
War Story #116: Business Management/Accounting Services, Wire Transfer Fraud
Sophisticated hackers can cause a lot of trouble, damages, and wasted time if precautions are not taken to avoid their traps.
read more -
17 Jan
Human Resources Policies and Forms: The Backbone of the Firm
By Emily Franchi
#MeToo, Ban the Box, and the Second Chance Act are just a few of the movements and laws that have changed legislation and required employers to update policies and practices. As federal, state and local governments pass new employment laws and update e... read more
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