Understand your firm's risk profile

By: Gartland, Daniel J [author]
Language: English Set: Understand your firm's risk profileCopyright date: 2018 In: Journal of Accountancy Vol. 225 Issue 5: ( May 2018 ), pages 16-17Summary: The article informs that Certified Public Accountants (CPA) firms need to evaluate risks in their practice and address them appropriately. Topics discussed include claims asserted against CPA firms in the Professional Liability Insurance Program of the American Institute of Certified Public Accountants (AICPA), Failure to detect theft or fraud claims asserted against CPA firms and ways to decrease the likelihood of a claim in a CPA firm.
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The article informs that Certified Public Accountants (CPA) firms need to evaluate risks in their practice and address them appropriately. Topics discussed include claims asserted against CPA firms in the Professional Liability Insurance Program of the American Institute of Certified Public Accountants (AICPA), Failure to detect theft or fraud claims asserted against CPA firms and ways to decrease the likelihood of a claim in a CPA firm.

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