Accountants Liability: Balancing Risk and Reward (Tax Focus)

Offering tax services can expose you to professional liability. Here's the information you need to identify, assess, and mitigate risks arising fro...

6/2/2022 8:00am - 4:00pm  |  Online  |  AICPA

Members: $159.00, Non-members: $199.00

CPE Categories: Ethics (4 CPE)

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Fortify your practice

Which clients should you serve? What services will you provide? How will you best deliver those services?

A thorough evaluation of your professional approach, and keeping an eye out for legal risks, will greatly benefit you and your clients.

Join this panel of experts to learn:

- Professional liability exposures

- Conditions where professional liability exposures can surface

- How to identify liability threats

- How to ensure financial decisions reasonably outweigh professional liability risks

In addition to earning CPE credits, CNA policyholders may earn up to a 10% premium credit for three consecutive years on their AICPA Professional Liability Insurance policy. Please consult your agent for further details regarding eligibility.

Instructor: Deb Rood,Jan Lewis,Nick Magone,Henry Grzes

Target Audience

@ CPAs and CGMA designation holders

-@ tax practitioners

-@ legal professionals

-@ accounting and finance professionals

Course Objectives

'- Recognize how to assess the professional liability risks of new and existing clients and services in relation to the firm's risk tolerance.

- Identify claim data by area of practice and understand implications for the firm.

- Identify how risk changes as a result of new information, client action (or inaction), and unforeseen events that can surface during a tax or consulting engagement.

- Recognize strategies to balance risk and maintain alignment with the firm's risk tolerance.


@ Claim data of the AICPA Professional Liability Insurance Program

-@ Practice management

-@ firm culture and going to market

-@ client and engagement letters and acceptance

-@ relationship continuance and termination

-@ Billing

-@ data security

-@ risk management issues relating to tax and consulting services