Updated Claim Information and Scenarios by Area of Practice
Released Updated claim cards based on actual claim experience in the AICPA Professional Liability Insurance Program are now available. Download claim cards for Personal Financial Planning and Audit Claims: Governmental. Claim cards are available by area of practice and include cause of loss statistics, a claims scenario, and reflective risk control points specific to the claims scenario. CNA policyholders can access the additional claim cards by logging into the Policyholder Resource Center. The sample claim cards can be downloaded here.
Accountants Risk Control Top Frequently Asked Questions
Click here to access answers to the top frequently asked questions covering topics such as sample engagement letters, client termination letters, record retention, conflicts of interest, suing for fees, policy coverage, subpoenas and more.
Third Party Verification Letters - Updated
Increasingly, CPAs are receiving requests from clients, lenders, loan brokers, health insurance providers, adoption agencies, regulators and various other agencies to confirm client information. In most cases, CPAs are asked to sign a confirmation letter containing specific language, a verification statement or a certification form. Learn More.
Client Termination Letters
When it becomes necessary to terminate a client relationship, it is important to memorialize this action in a confirming letter to the client. While you may decide to inform the client of your resignation in a conversation, a letter provides written evidence of when the resignation occurred and instructions to the client regarding needed follow-up on tax, accounting, and other matters about which your firm previously advised the client. Learn More.
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