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In these challenging economic times, CPAs remain under fire from banks and other lenders pressuring them to provide assurance-type opinions regarding the financial strength of their clients.
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The tip addresses the importance of following proper procedures when collecting client information to finish a last-minute tax return.
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Ron Klein, J.D., CFE, Vice President – Risk Management Counsel , distills his 26 years of claims experience into one concise piece on “thinking backwards through time.”
CPAs involved in estate tax planning are prone to claims, because the decision-making process and rationale may be forgotten as time passes. The CPA often ends up working with disappointed, litigious beneficiaries later on. CAMICO offers ways to protect your firm no matter how much time has passed.
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