Data security is a growing concern for CPA firms. This article can help you better understand the issues involved and what you need to consider when developing data security policies for your firm. It also provides some risk management insights on how to reduce your risk and protect your firm.

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25 CPA Risk Management Tips

On November 6, 2013, in Articles, Checklist, Tips, by CAMICO

After a quarter century of dialogue with its CPA policyholders, CAMICO has become a national repository of risk management knowledge for CPA firms. A loss prevention and insurance program founded and directed by CPAs, CAMICO recognizes that its success is in part due to the acquired experience and learning of CPAs who report problems to CAMICO and provide expertise in the development and implementation of solutions. Following are 25 tips and thoughts from CAMICO

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CAMICO’s Loss Prevention and Claims department experts answer some of the most frequently asked questions in this excerpt from CAMICO’s IMPACT.

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Many CPAs think they won’t get sued because they don’t make mistakes, only do business with friends, and only do tax work, among other reasons. Find out why this approach to risk management could be putting your accounting practice at risk.

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Data breaches and identity theft have led to an increase in fraudulent tax filings, and tens of thousands of honest taxpayers have been subjected to delays in their legitimate refund claims, according to the Internal Revenue Service.

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