Click Here for a free estimate!

25 East Spring Valley Avenue
Maywood, NJ 07607
1 (877) CPA-GOLD

Tag Archives: risk management

SOCIAL ENGINEERING/WIRE TRANSFER FRAUD – A NEW TWIST ON AN OLD SCAM.

Post Image

by Rickard Jorgensen FCII, ARM, ACIArb. As we discussed in prior postings, social engineering is a major problem for CPAs. Go to:  here for risk management advice and here for coverage details Social engineering is a deception to manipulate individuals into carrying out a particular act, such as transferring money, handing over confidential information or […]

Read More

A new variation on Comfort letters – Third Party Verification Letter requests from Investment Professionals

Post Image

by Rickard Jorgensen, FCII, ARM, ACIArb Comfort letters issued to lenders and mortgage companies have been a quite common practice for Tax Professionals.  Such letters are used to verify income for the purchase of a home or other asset.  The provision of comfort letters is relatively simple and merely require a review of tax return […]

Read More

Using the engagement letter to reduce cyber liability exposure

Post Image

By Nick Matarazzo In this digital age, accountants are being forced to deal with all sorts of cyber threats. A well-worded engagement letter can help guard you against a cyber-related liability claim from your client and minimize your overall firm liability. Even if you are careful about your clients’ data, you may still be held […]

Read More

Up in Smoke II – What’s happening in Banking?

Post Image

by Rickard Jorgensen, FCII, ARM, ACIArb Although not directly connected to the practice of accounting it is useful to know what is happening in other industries. In this case in particular, we are talking about the highly controversial cannabis business. Big Tobacco and the brewing industry are watching with great interest developments at the Department […]

Read More

Fundamental Coverage Deficiency – delayed notice of claims

Post Image

by Rickard Jorgensen, FCII, ARM, ACIArb WHY IS THIS IMPORTANT – if you have a multi-partner or multi-office firm and communication regarding potential claims might be delayed, then it is important to ensure that your insurer will not deny coverage if you don’t advise a potential claim until after the renewal date. —————————————————————————————————————— When reviewing the […]

Read More

Best Practices to Keep Your Firm’s Accounting Software Secure

Post Image

By guest blogger – Ella Watson. Data is one of the most valuable commodities today. Aside from being used by companies as basis for all kinds of business strategies, it is also what powers most of today’s transformative technologies, such as artificial intelligence, automation tools, and analytics. With big data’s growing importance, several strategic processes […]

Read More

Mergers and Acquisitions – due diligence and the risk management process

Post Image

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 […]

Read More

QBE Cyber Resources – eRiskHub.

Post Image

A recent report from Netdilgence highlighted the increasingly difficult cyber risk environment for by business.  A copy of the paper is available  here. CPAGold™ members have access to a broad range of cyber risk services. One of the most useful is the substantial support and resources provided by eRiskHub. eRiskHub offers a range of tools and information […]

Read More

The 10 Worst Corporate Accounting Scandals of All Time

Post Image

If there is one theme to rival terrorism for defining the last decade-and-a-half, it would have to be corporate greed and malfeasance. Many of the biggest corporate accounting scandals in history happened during that time. In acknowledgement of the excellent webinar about Fraud Detection recently offered by the CPAFMA, here’s a chronological look back at […]

Read More

Who handles my claim at QBE?

Post Image

We’ve had some really positive feedback about the excellent claims specialists at QBE. Fast, efficient and expert are some of the admiring words we’ve heard. But who are the good folks and what do they look like? I asked the guys to give us a quick bio and photograph so if you ever need to […]

Read More