Click Mergers and Acquisitions – due diligence and the risk management process
There has been a spate of firm consolidations in the past few years and the pace is unlikely to slow down. Retirements, business expansion, consolidation of practice areas or acquisition of a new specialty drive the reasons to merge firms together. Due diligence is essential in the evaluation of the firm. Identifying issues before a […]
- Posted by
Rickard Jorgensen - Posted in Accountants' professional liability insurance, due diligence, mergers, policy coverage, prior acts coverage, risk management
Jun, 06, 2018
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Example IRS Circular 230 Email Disclaimer
A client recently requested an appropriate disclaimer for email communications. Ralph Picardi, risk management consultant to CPAGold™, suggested the following clause. This is a repeat of our earlier posting here but worth restating. Example IRS Circular 230 Email Disclaimer (Following 2014 Revisions to Treasury Regulations) This example email disclaimer is intended solely for general educational […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, email risk management, professional liability claims, Ralph G. Picardi, risk management, Tax Services, Uncategorized
- Jan, 04, 2018
- No Comments.
An overview of the client screening process
By Rickard Jorgensen, FCII, ACIArb, ARM Extracted from Evaluating Clients – Engagement risk screening for CPA firms. There are solid reasons for screening new clients. Many involve not getting paid, exposure to lawsuits or even the stress related to difficult individuals. Effective client screening can avoid these problems. Implementing a formal screening process is the […]
- Posted by Rickard Jorgensen
- Posted in Accountants' risk management, Client relations, Client screening, due diligence, engagement letters, engagement letters, lawsuit, professional liability claims, risk management, Uncategorized
- Aug, 08, 2017
- No Comments.
Fee Collection – a malpractice risk
Counter suits arising from fee disputes are one of the most common sources of malpractice claims against CPAs. In fact, such suits are a great risk for many professionals. Any steps taken to avoid a collection becoming a malpractice claim are essential. One of the key areas of attention should be a documented Collection Procedure. […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, professional liability claims, Uncategorized
- Mar, 09, 2017
- No Comments.
Examples of Limitation of Liability Clauses
By Seth L. Laver, (with additional remarks by Rickard Jorgensen). Following the recent article (here) about limitation of liability clauses, I asked Seth L. Laver if he could suggest a limitation of liability wording for engagement letters. This was the response: Before we get to the proposed language, a disclaimer: the enforcement of these clauses vary […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, Seth l. Laver
- Feb, 17, 2016
- No Comments.
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