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Accountants Liability: Balancing Risk and Reward (A&A Focus)

  • 09/16/2022
  • 12:00 PM - 4:00 PM



Every financial decision has its associated risks. The key to a secure financial practice is to understand those risks enough to safely conclude they justify their means. Finance professionals have the opportunity to join a panel of experts as they talk about all things professional liability. We'll cover how professional liability issues can arise when offering audit and attestation services, how to best assess them, and the swiftest plans of responsive action to keep you and your client in the best shape.

Learning Objectives: 

  • Recognize how to assess the professional liability risks of new and existing clients and services in relation to the firm’s risk tolerance 
  • Identify claim data by area of practice and understand implications for the firm 
  • Identify how risk changes as a result of new information, client action (or inaction,) or other events that arise during an attest or consulting engagement 
  • Gain strategies to respond to changes in risk to help maintain alignment with the firm’s risk appetite.

Discussion Topics:

  • Claim data of the AICPA professional Liability Insurance Program 
  • Practice Management and firm culture 
  • client and engagement process 
  • client and engagement continuance and termination 
  • Billing 
  • data security 
  • audit and attest services 
  • Risk Management issues that arise during consultancy, planning, and Fieldwork 
  • Addressing hiccups 
  • binding documentation

Level: Basic

Instructor: Sarah Ference,Jennifer Elder,Nick Magone,Howard Fine

Developer: AICPA

CPE Credits: 4

Area of Study: Regulatory Ethics

Prerequisite: None

Who Should Attend: CPAs and CGMA designation holders; Auditors and attestation service providers; Accounting and finance professionals; legal personnel

Visit Us:

3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727

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