Webcast: Managing Risk in a CPA Practice - Prof Liability Lessons Learned from 30 Years (XCMRCP117)
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Hear current trends in liability exposure, as well as learn valuable risk management solutions to reduce the likelihood of being sued, while satisfying client expectations and increasing firm profitability. Klein will showcase the importance of "tone from the top" for building a risk management culture. Also, learn the intricacies of how to assess risks and implement practical risk management techniques to avoid common and often-overlooked issues that have tripped up numerous CPAs.

8/24/2017
When: 08/24/2017
12:00 PM until 2:00 PM
Where: Webcast
CALCPA
4173314A
United States
Presenter: Ron Klein, J.D., CFE


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Acronym XCMRCP117
CPE 2 hours
Vendor CalCPA
Category
Management
Level Overview
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Accountants in public practice.
Registration
Member $60
CPA Non-Member $94

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

As the nation’s largest CPA-directed program of professional liability insurance for accountants, CAMICO has developed this presentation to help raise your awareness of the practice risks in today’s volatile professional and legal environment. Hear what our expert, Ron Klein, can share from his 30 years of claims experience with CAMICO.

Hear current trends in liability exposure, as well as learn valuable risk management solutions to reduce the likelihood of being sued, while satisfying client expectations and increasing firm profitability. Klein will showcase the importance of “tone from the top” for building a risk management culture. Also, learn the intricacies of how to assess risks and implement practical risk management techniques to avoid common and often-overlooked issues that have tripped up numerous CPAs.

CAMICO policyholders receive complimentary registration for this event. Please log in to the CAMICO Members-Only site (camico.com—Education section) for registration information, or contact CAMICO at (800) 652-1772 or lp@camico.com.

Materials are provided as an ebook for this course.

Objectives

  • Recognize common claim scenarios that CPAs find themselves in.
  • Identify the jury’s understanding of what CPAs do and how they hold CPAs to a higher standard than just the professional standards.
  • Determine specific actions CPAs can take to minimize risk while still satisfying client expectations.

Major Topics

  • Professional liability claims statistics
  • Common claims scenarios
  • The “rules of the road”—what juries understand and expect of CPAs
  • Application of the rules to the claim scenarios
  • Techniques for managing risk