The Pros and Cons of Moonlighting for Lawyers
In August of 2019, a South Carolina Supreme Court charged a Charleston-area attorney with “moonlighting” as a private lawyer for dozens of clients while still an active law firm member. The attorney ended up paying $35,000 to resolve the financial differences between him and his firm. The court directed him to complete a legal ethics class […]
Client Confidentiality While Working Remotely
The global pandemic has transformed the way we work. States across the country implemented stay-at-home and shelter-at-home orders. Most employers rapidly transitioned their entire workforce to allow for remote working. While law firms in most states are classified as essential businesses, many lawyers and their staff are working from home and may continue to do […]
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 […]
What CPAs Should Know About File Retention in the Digital Age
File storage and retention is challenging considering the various types of information CPA firms encounter. Improper file storage exposes accounting professionals to liability claims and lawsuits. The digital age has expanded the types of documents that must be dealt with to include voicemails, emails, instant messages, fax documents, images, and electronic documents. There is […]
Risk Management for CPAs Serving Cannabis Clients
As more states legalize cannabis for medicinal and recreational purposes, so too grows the need to understand the nuances of serving clients in the cannabis industry. Cannabis industry clients present all of the same risks as clients in other industries, coupled with risks unique to this growing industry. CPAs who work with cannabis industry clients […]
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 […]
