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

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

Learn professional liability exposures that arise from A&A services. This interactive webcast will provide you with information to identify, assess and mitigate risks that could arise from your decisions.

$159 - $199
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Jun 01, 2022

NASBA Field of Study

Regulatory Ethics

Level

Basic

CPE Credits

4

Author(s)

Nick Magone, Howard H. Fine, Sarah B. Ference, Jennifer H. Elder

Availability

Product Number

WC3701836

 View  
 Business & partner 
Product Details

Service and delivery

Learn how to balance risk and reward when you deliver services to your clients.

Every decision has risk implications, and the benefits of each decision must be balanced with its professional liability risk.

During this interactive webcast, a panel of experts will discuss professional liability exposures that can arise when providing audit and attest and consulting services.

Learn how to identify, assess and respond to professional liability risks stemming from the decisions you make in your practice every day.

Professional credit

In addition to earning CPE credits, CNA policyholders may earn up to a 10% premium credit for three consecutive years on their AICPA Professional Liability Insurance policy. Please consult your agent for further details regarding eligibility.

Key Topics

  • Claim data of the AICPA Professional Liability Insurance Program
  • Practice management
  • Firm culture and going to market
  • Client and engagement acceptance
  • Engagement letters
  • Client and engagement continuance and termination
  • Billing
  • Data security
  • Audit and attest services
  • Risk management issues that arise during planning and fieldwork
  • Addressing "hiccups"

Learning Outcomes

  • 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.

Who Will Benefit

  • CPAs and CGMA designation holders
  • Auditors and attestation service providers
  • Accounting and finance professionals
  • Legal personnel
Credit Info
CPE Credits
4
NASBA Field of Study
Regulatory Ethics
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
4 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$199.00
AICPA Members
$159.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Nick Magone
NJ CPA, CGMA, CFP®
Managing Partner at Magone & Company, P.C. NJ CPA Nick Magone lends a global view based on his 25 years of audit and business advisory experience to clients’ business and personal needs. His clients include a variety of U.S.-based foreign companies in industries from professional services to technology and distribution, as well as closely held U.S. businesses — the heart of his practice. Magone serves as a speaker for the American Institute of Certified Public Accountants (AICPA) Business Solutions Workshop, ""Delivering on Your Trusted Advisor Status,"" having delivered the workshop to the Rhode Island Society of CPAs, Minnesota Society of CPAs and the New Jersey Society of CPAs, where his expertise in practice and client management issues provides practioners with concrete examples of how he has handled various practice management challenges. He has also appeared on the AICPA’s national webcast, ""Accountant’s Liability: No Good Deed Goes Unpunished."" His presentation covered topics ranging from client privacy and data security to conflicts of interest, engagement management, investment advice claims, and fiduciary and valuation services. Magone has also authored a Case Study on Key Considerations in Paperless Processes published in the AICPA’s September/October 2007 issue of InfoTech Update. A past chair for the New Jersey Society of Certified Public Accountants (NJSCPA) Government Accounting and Auditing Committee’s non-profit sub-committee, Nick is a licensed Certified Public Accountant in New Jersey and New York, a Chartered Global Management Accountant, a New Jersey Public School Accountant and a Certified Financial Planner. He is a graduate of Seton Hall University, where he currently serves on the University’s Presidential and Accounting Advisory Committees. Nick also speaks Italian. Specialties: Closely-held businesses, US subsidiaries of foreign corporations, hedge funds, entrepreneurial businesses, real estate and non-profit organizations.
Howard H. Fine
CPA/ABV/CFF, CVA
Howard H. Fine, CPA/ABV/CFF, CVA, a Partner at Gettry Marcus CPA, P.C., has over 30 years of experience providing accounting, auditing, and tax services to middle market closely-held businesses. He is the Partner-in-charge of Gettry Marcus’ Accounting & Auditing Group. Mr. Fine has extensive experience in diversified industries such as professional service firms, wholesale distribution, employee benefit plans, manufacturing, health care, retail, apparel and textile, and not-for-profit organizations. He also is Chairperson of the firm’s Quality Control Committee where he overseas the firm’s internal inspection process and its peer review.
Sarah B. Ference
CPA
Sarah is a Risk Control Director for the Accountants Professional Liability Insurance Program of Continental Casualty Company, a CNA company and the underwriter of the AICPA Professional Liability Insurance Program. She previously practiced public accounting for 15 years with a national public accounting firm.
Jennifer H. Elder
CPA, CMA, CIA, CFF, CGMA, MS
Jennifer Elder, CPA, CMA, CIA, CFF, CGMA is a keynote speaker, trainer, and business coach dedicated to business transformation. For more than 20 years, she has been helping businesses by peeling back the layers of "administrivia" and finding the hidden strengths and core values that make you and your company awesome. Ms. Elder works with businesses to develop a compelling business strategy that is quick to implement that transforms your company from what you are now to what you have always wanted to be. Known for being energetic and enthusiastic, Ms. Elder has been delivering high-quality, customized training that make complicated topics easy to understand, relevant, and useful for years. She has conducted seminars for the Fortune 500, US Government, State CPA Societies, and CPA Firms in 33 states. Her sessions are highly interactive, full of discussion, and even entertaining. Ms. Elder received her BA from the University of Massachusetts and an MS in Organizational Management from Antioch University New England. She lives on her boat near Annapolis, Maryland.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Cancellation Policy
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Accountants Liability: Balancing Risk and Reward (A&A Focus)
Jun 01, 2022
Select from the following options:
Jun 01, 2022
5pm – 9pm GMT
Jul 14, 2022
5pm – 9pm GMT
Sep 16, 2022
5pm – 9pm GMT
Oct 18, 2022
5pm – 9pm GMT
Nonmember Price
$199.00
Price excluding sales tax
$199.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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