Risk Management Road Rules: Mapping a Safer Route for Your Firm (Tax Services Focus)
Offering tax services can expose you to professional liability. Here is information you need to identify, assess, and mitigate risks that commonly arise in tax practices.
Format
Online
NASBA Field of Study
Regulatory Ethics
Level
Basic
CPE Credits
5.5
Author(s)
Kathleen Koehl, Kevin Hayes, Deborah K. Rood, Sarah B. Ference
Availability
1 year
Product Number
CNATSF26SSO
Managing the risk of offering tax services
You'll take a trip through strategies to help your firm manage professional liability risk. Drawing on real-world roadblocks faced by CPAs, this course discusses how disputes commonly arise and how to help avoid professional liability potholes.
Along the way, you'll explore practical “road rules” to help protect everyone on the firm's journey and mitigate the risk of a claim.
Additional benefits
In addition to earning CPE credits, CNA policyholders may earn up to a 10% premium credit for three consecutive years on their AICPA Professional Liability Insurance policy.
Please consult your agent for further details regarding eligibility.
Who Will Benefit
- CPAs and CGMA designation holders
- Tax practitioners
- Accounting and finance professionals
- Legal personnel
- Consulting service providers
Key Topics
- AICPA Professional Liability Insurance Program claim data
- Client and engagement acceptance
- Engagement letters
- Documentation’s role in claims
- Client communication and relationship management
- Billing practices
- Client continuance and termination
- Tax services – causes of loss and risk management tips to assist claim defense
- Consulting services – causes of loss and risk management tips to assist claim defense
- Data security
Learning Outcomes
- Recognize the common ways professional liability claims arise from a CPA firm’s services.
- Identify firm-level risk management strategies that can help minimize the likelihood of client disputes.
- Identify tools and techniques to leverage during the provision of tax and consulting services to help mitigate the risk of a malpractice claim.
- Select which practical risk management strategies are most appropriate for your firm’s unique characteristics and needs.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.