Description
ISCPA 2-Day Federal Tax Conference Bonus Ethics!!
This presentation highlights trending liability issues and dilemmas facing CPA firms in today's challenging environment. This informative discussion is designed to equip CPAs with the "latest and greatest" risk management measures to minimize liability exposure to today's risks.
This session will highlight recent and frequent CAMICO advice hotline inquiries. Curating the contents of those calls allows accountants to learn from advice shared with their peers. We will review the traps that often entangle CPAs and emphasize the importance of complying with not only professional standards but also "jury standards." In addition, this presentation offers lessons learned from CAMICO's decades-long history defending CPAs from claims; explores potential jury implications; and provides important dos and don'ts to help protect CPAs and their clients.
Applying the risk management tips shared in this presentation should help minimize professional liability risk associated with practicing public accounting given the profession's current challenges.
Designed For
2024 ISCPA 2-Day Federal Tax Conference Atttendees
Objectives
BONUS - 2 General Ethics CPE Credits - "Liability Issues Facing CPA Firms: What Are the Issues and How Best to Address Them"
- Thank you CAMICO!
- After the conference, all attendees will be registered for a 2-hour, on-demand bonus ethics webinar
- Attendees will have until 12.30.24 to complete the quiz and earn the bonus CPE credits!
- This means this conference is actually 18 CPE credits!
- Bonus ethics credits ARE IRS CE approved
Highlights
After this session, participants will be able to:
- Better identify potential risks of CPA liability exposure given the current challenges facing the accounting profession before they occur
- Implement steps and develop disciplines to take to protect themselves from risk and better serve clients
- Apply their greater understanding of how to comply with both professional standards and "jury standards"
Advanced Prep
Register Now
Leaders
Duncan Will
Duncan B. Will, CPA/ABV/CFF, CFE — Loss Prevention Manager / Accounting & Auditing Specialist
Mr. Will leverages his more than 30 years of experience in accounting, including public accounting, forensic accounting, consulting, and audit and tax compliance, to deliver to policyholders the high-touch, high-quality CAMICO experience. He works closely with the Loss Prevention Specialists to manage the department's efforts to deliver policyholder service. Will's specialties are accounting and auditing and business valuation-related risk management. He advises policyholders through the CAMICO Loss Prevention Hotline, speaks to CPA groups, and writes articles on a wide range of topics. Topics of particular interest include complying with the AICPA's Statements on Standards for Accounting and Review Services, doubts about an entity's ability to continue as a going concern, cyber-security, and serving clients in the cannabis industry.
Will began his accounting career in 1979 as a staff accountant in the Washington, D.C. area and spent most of his public accounting career in California and Florida. He earned a Bachelor of Science in accounting from the University of Maryland and is Accredited in Business Valuation and Certified in Financial Forensics. A Certified Fraud Examiner, Will is an active member of the Association of Certified Fraud Examiners; has supplemented his education with college courses at the University of Baltimore, Golden Gate University, and Florida Atlantic University; and welcomes opportunities to expand his knowledge over a broad spectrum of accounting-related curricula.