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Practical Tools and Tips to Help CPAs Manage Risk (Tax Services Focus)
Tax
Webcast

Practical Tools and Tips to Help CPAs Manage Risk (Tax Services Focus)

Offering tax services can expose you to professional liability. Here's the information you need to identify, assess and mitigate risks that commonly arise in tax practices.

$159 - $199
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Sep 18, 2025

NASBA Field of Study

Regulatory Ethics

Level

Basic

CPE Credits

4

Instructor

Jan Lewis, Henry J. Grzes, Deborah K. Rood

Availability

Product Number

VCNATSF250918

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 Business & partner 
Product Details

Managing the risk of offering tax services

Providing tax services can help attract new clients to your firm, unlocking significant growth. At the same time, there are risks to offering tax services. The tax services practice area is particularly prone to professional liability claims, according to the latest data.

You can mitigate the risks of professional liability claims by implementing processes designed to curb the potential for client disputes.

Protecting your firm from risk

This session will present day-to-day risk management protocols and provide realistic ways to adjust your operations to insulate your firm and staff from risk.

You can learn tips for:

  • Client acceptance
  • Engagement letters
  • Client communications
  • Onboarding
  • Billing and fee management

Acknowledging risks beyond your tax practice

Although tax services represent a significant share of all malpractice claims against CPA firms, other practice areas come with their own risks.

You'll also examine the risks of offering certain accounting services and learn how to create processes that reduce the risk of malpractice.

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.

Key Topics

  • AICPA Professional Liability Insurance Program claim data
  • Client and engagement acceptance
  • Engagement letters and fee management
  • Client continuance and termination
  • Firmwide quality control and team management
  • Causes of loss
  • Risk management tips to assist claim defense when providing tax and client accounting services
  • Data security

Learning Outcomes

  • Identify how professional liability claims arise related to the delivery of services by CPA firms.
  • Recognize risk management tools and techniques related to firm practice management to help reduce the potential for a client dispute.
  • Identify practices to incorporate during the delivery of tax and consulting services to help mitigate the risk of a malpractice claim.
  • Select practical risk management tools and techniques to implement based on specific situations at your firm.

Who Will Benefit

  • CPAs and CGMA designation holders
  • Tax practitioners
  • Legal professionals
  • Accounting and finance professionals
Credit Info
CPE Credits
4
NASBA Field of Study
Regulatory Ethics
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
4 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$199.00
AICPA Members
$159.00
CIMA Members
$159.00

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 order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Jan Lewis
CPA
Jan Lewis is a Tax Partner with BMSS Advisors and CPAs in Ridgeland MS. Her responsibilities include income and estate tax planning, research, and compliance for individual and business clients. Her areas of practice include healthcare, oil & gas, construction, real estate, and high net worth individuals. She has taught continuing education classes throughout Mississippi and nationwide to CPAs in the areas of income tax planning, business tax matters, and S Corporation tax matters, and has given presentations on financial literacy, tax reform, and other tax issues to various groups across the country. Jan has authored articles on tax matters for the Tax Adviser publication and has served as a webcast presenter for the AICPA’s Tax Division. She has been interviewed by Fox Business News, NPR, Forbes, Wall Street Journal, Bloomberg, Bankrate, and the Detroit Free Press for her insight on various policy and practice matters affecting taxpayers. She was selected as one of Forbes Top 200 CPAs in America in 2024. Jan is active in the Mississippi Society of CPAs, previously serving as President of the Society, a member of the MSCPA Board of Governors, an officer of the Society’s Central Chapter, and a trustee of the Mississippi Tax Institute. Jan currently is a member of the MSCPA's Long Range Planning Committee and the MSCPA's Young CPAs Liaison Committee. Jan has held many leadership roles within the AICPA throughout her career. She has served as the MSCPA’s elected representative to the AICPA Council, and on the AICPA Life Insurance and Disability Plans Committee. She was a member and chair of the AICPA's Tax Practice and Procedures Committee, and member and chair of the AICPA's Tax Executive Committee, the senior committee overseeing the work of all Tax Division committees and technical resource panels. Jan has served on the AICPA Board of Directors since 2023. She was recently elected as Vice Chair of the AICPA, and in that role, Jan is part of the executive committee that directs the strategic vision of both the AICPA and the Association of International Certified Professional Accountants (the Association). As Vice Chair, Jan looks forward to working with the Association to be the global voice of accounting and finance professionals worldwide, while advocating for the profession, the public and her clients. Jan is a native of Jackson, MS, and a 1985 Summa Cum Laude graduate of Mississippi State University. She is a member and past chair of the Adkerson School of Accountancy Advisory Board at MSU and was selected as the MSU College of Business's Alumni Fellow for 2016. She was chosen as MSU Beta Alpha Psi Alumnus of the Year in 2000. Jan and her husband, John, live in Jackson with their spoiled dachshunds, Connie, Rocky and Snoop.
Henry J. Grzes
CPA
Henry Grzes is the Lead Manager, Tax Practice & Ethics – Public Accounting at AICPA® & CIMA®, together as the Association of International Certified Professional Accountants.
Deborah K. Rood
CPA
Deb is a Risk Control Consulting Director for the Accountants Professional Liability Insurance Program of Continental Casualty Company, a CNA company and the underwriter of the AICPA Professional Liability Insurance Program. She previously practiced public accounting for 16 years with a regional public accounting firm. As a state and local tax (SALT) practice leader with a regional public accounting firm, Deb provided consulting and compliance services to clients in a variety of industries including but not limited to manufacturing, distribution, professional services and transportation. She has conducted presentations at various AICPA and state CPA society conferences and has authored numerous articles. 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.
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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.

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