Many professional liability claims arise due to work performed during the throes of busy season when the likelihood of an error is higher. While nothing can be done to prevent busy season from coming, there are several areas CPA firms can focus upon now to help prevent a professional liability claim in the future.
This course provides the top five risk management practices CPA firms can implement now to help manage the stress and workload associated with busy season and the resulting professional liability risk. Practical implementation tips, including perspectives for both tax and assurance professionals will be provided, as well as available resources and guidance material.
Understand the type of professional liability claims typically faced by CPA firms and how those claims arise.
Learn practical strategies to make services delivered during the traditional busy season period more efficient.
Learn risk management tips that can be implemented before busy season begins which can help manage professional liability risk during busy season.
Understand how different practice areas at a CPA firm can implement risk management tips.
Learn new sources of guidance and help in implementing risk management tips.
Sarah is a Risk Control Director for CNA and oversees risk control services provided to CPA firms in the AICPA Accountants Professional Liability Insurance Program. She previously practiced public accounting for 15 years with a national public accounting firm. Risk control services provided by Sarah and her team include policyholder consultations on ways to help mitigate professional liability risk, development and delivery of risk management training and education products, authoring monthly risk management articles for the Journal of Accountancy, and creating other tools to assist CPA firms in managing their professional liability risk.
Deb is a Risk Control Consulting Director for CNA, the endorsed underwriter of the AICPA Professional Liability Insurance Program. She previously practiced public accounting for 16 years with a regional public accounting firm. Deb provides risk control consulting services for CPA firms in the AICPA program. She participates in the development and delivery of risk management training and education products including the live risk management seminar and self-study programs.