News

With a rise in issues with e-filed tax returns, including processing failures and fraudulent filings, firms should employ a combination of preventive measures, effective handling of rejected filings, fraud mitigation strategies, and client involvement, according to OSCPA loss prevention partner CAMICO.

A retired partner who doesn't completely "retire" may expose a CPA firm to professional liability risks if clients believe the partner still speaks for the firm. Act now to mitigate those risks.

Professional liability claims involving missed due dates are rising at alarming rates. Find out what CPAs can do to protect themselves.

A survey of seasoned peer reviewers identifies ways reviewers and the firms being reviewed can change for the better.

Negligence and litigation basics were introduced in Part I of this two-part series (see “Falling Hurts; So Does Litigation,” JofA, June 2024). In litigation, the plaintiff must prove everything.

Recognizing the links between risk management and litigation can help CPAs understand why risk management advice speaks to behaviors present in professional liability claims against CPAs.

A systematic approach to onboarding new or existing clients can help your firm avoid many professional liability claims. It can also lead to better workflow, additional fees, and increased client satisfaction. An added bonus: Onboarding may uncover a problem client before services begin.