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Accountants Liability - Positioning Your Firm for Success (Audit and Attest Services Focus) Logo aicpa

  Free |   AICPA |   19 Apr 2017 |   Regulatory Ethics |   AICPA Store

How do you view professional liability risk management? An administrative burden? A draw on firm resources? What if you viewed risk management in a different light? Strong risk management practices can help establish a solid foundation for your firm and position it for growth and business success.

Join practitioners, the AICPA and CNA, the endorsed underwriter for the AICPA Professional Liability Insurance Program, for a panel discussion about professional liability exposures arising from the delivery of audit and attest services. This interactive webcast will provide you with risk management practices that, when implemented, can help mitigate the risk of an accounting professional liability claim and may also help improve business performance.

In addition to earning CPE credit, CNA policyholders may earn up to a 7.5% premium credit for three consecutive years on their AICPA Professional Liability Insurance policy. Please consult your agent for further details regarding eligibility.

Learning Objectives

By the end of this webcast, you will be able to:

  • understand the building blocks of professional liability risk management and how to strengthen them in order to improve performance
  • analyze claim data by area of practice and understand the implications for the firm
  • discuss risk exposures by area of practice and how to better manage them to improve service delivery

Topics to be addressed include, but are not limited to:

  • Claim data of the AICPA Professional Liability Insurance Program
  • Practice management:
    • Firm culture
    • Client acceptance and continuance
    • Engagement letters
    • Personnel management
    • Billing practices
    • Records requests
    • Client termination
    • Mergers, acquisitions, retirements and practice sales
    • Data security
    • Other practice management topics
  • Audit and attest services:
    • Claim causes of loss
    • Potential claimants
    • Quality control cycle – risk management considerations
  • Client accounting services

Important Information on Your CPE Credit

Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Select the Group Viewing product above and enter the number of attendees in the quantity box. CNA policy holder groups of 5 or more pay a flat fee of $115 per attendee.

Number of Attendees Non-Member Member

1 - 4

$199 $159

5 - 9

$179 $145

10 - 20

$169 $135

21 +

$159 $129
Topics covered:
  • Firm practice management: Technical: Firm operations, Intermediate