Risk Update: AICPA Firms’ 5 Hot Risk Topics

A recap from the latest AICPA Professional Liability Insurance Programs Committee (PLIP) quarterly meeting
Watch this 3-minute video for a quick recap of the five hot risk topics on the minds of today’s AICPA firms — and takeaway resources available to help address them.

  1. Dealing with a cyber incident – what to do if your firm experienced a cyber breach
  1. Crafting engagement letters – how to craft and execute an effective engagement letter
  1. CPA firm mergers & acquisitions – understand the risks involved in buying or selling your firm
  1. Ending client relationshipshow do I handle a client that is no longer the right fit or that I simply don’t have the capacity to serve?
  1. Preparing for tax seasonhelp reduce your firms professional reliability risks this tax season
Video hosts Lisa Simpson Vice President, Firm Services — Public Accounting at the AICPA, and Amy Massaro, Vice President, Business Development at Aon Insurance Services review AICPA firms’ top-of mind risks, and they point to articles and resources on AICPA’s Policyholder Education & Resource Center to help mitigate these exposures.

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