Accountants Liability: Balancing Risk and Reward (A&A Focus)

Providing audit and attestation services can open the door for professional liability claims. Learn how to recognize and avoid liability exposures ...

6/1/2022 12:00pm - 1:00pm  |  Online  |  AICPA

Members: $159.00, Non-members: $199.00

CPE Categories: Ethics (4 CPE)

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Financial vigilance pays dividends

Every financial decision has associated risks. Join this webcast to learn:

- How professional liability issues can arise when offering audit and attestation services

- Best practices to assess professional liability

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: Sarah Ference,Jennifer Elder,Nick Magone,Howard Fine

Target Audience

@ CPAs and CGMA designation holders

-@ Auditors and attestation service providers

-@ accounting and finance professionals

-@ legal personnel

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,) or other events that arise during an attest or consulting engagement.

- Gain strategies to respond to changes in risk to help maintain alignment with the firm's risk appetite.


@ Claim data of the AICPA Professional Liability Insurance Program

-@ Practice management and firm culture

-@ client and engagement process

-@ client and engagement continuance and termination

-@ Billing

-@ data security

-@ audit and attest services

- risk management issues that arise during consultancy, planning, and Fieldwork

-@ Addressing hiccups

-@ binding documentation