How to Deal with Ethical Dilemmas as an Accountant

Certified Public Accountants (CPAs) are not immune to legal risks and can wade into risky territory at any time. Ethical and legal dilemmas cannot always be avoided. Superior risk management strategies must be put into place to help prevent any unintended legal ramifications from the work CPAs do for their clients. Common ethical dilemmas should […]

5 Things to Look For in an Accountants E&O Professional Liability Policy

Despite what many accountants think, not all professional liability policies are created equal. At a minimum, the best policies offer the broadest coverage at the best value with a trusted insurance provider. Some policies, however, go above and beyond. They’re not just good; they’re excellent. These policies differentiate themselves by providing the highest level of […]

6 Risks that Land CPAs in Court and How to Mitigate Them

The work of a CPA is woven into people’s complex financial affairs. When people’s finances take a turn for the worse, they have a basic desire to get their money back — which makes their certified public accountant an attractive target. There’s no way to avoid every lawsuit, but CPA firms can take many steps […]

6 Pitfalls to Watch for in a CPA Merger and Acquisition

Accounting firms often need to merge when their business climate changes or partners reach retirement age. Some firms have talent gaps that a merger can fill, while others want to expand their reach into new geographic areas. Whatever their motivation, CPA firms need to use extreme care when acquiring or becoming acquired. Coming together requires […]

Why CPAs Should Consider Cyber Insurance

CPAs keep vast troves of valuable personal data that cybercriminals are itching to get their fingers on. So far, the most notorious CPA breaches have culminated in identity thefts that led to fraudulent tax returns. Those cases became the bane of recent tax seasons when victims tried to file their taxes with the IRS and […]