Practical Tools and Tips to Help CPAs Manage Risk (Tax Services Focus)
Online
4.00 Credits
Member Price $159.00
Non-Member Price $199.00
Overview
Managing the risk of offering tax services
Providing tax services can help attract new clients to your firm, unlocking significant growth. At the same time, there are risks to offering tax services. The tax services practice area is particularly prone to professional liability claims, according to the latest data.
You can mitigate the risks of professional liability claims by implementing processes designed to curb the potential for client disputes.
Protecting your firm from risk
This session will present day-to-day risk management protocols and provide realistic ways to adjust your operations to insulate your firm and staff from risk.
You can learn tips for:
Acknowledging risks beyond your tax practice
Although tax services represent a significant share of all malpractice claims against CPA firms, other practice areas come with their own risks.
You'll also examine the risks of offering certain accounting services and learn how to create processes that reduce the risk of malpractice.
Additional benefits
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.*
Objectives
- Identify how professional liability claims arise related to the delivery of services by CPA firms.
- Recognize risk management tools and techniques related to firm practice management to help reduce the potential for a client dispute.
- Identify practices to incorporate during the delivery of tax and consulting services to help mitigate the risk of a malpractice claim.
- Select practical risk management tools and techniques to implement based on specific situations at your firm.
Highlights
Designed For
Prerequisites
None
Notice
You will receive an email from the AICPA with instructions to access this webinar.
Leader(s):
- Deborah Rood, CNA Specialty Accountants Professional Liability
- Jan Lewis, AICPA
Leader Bios
Jan Lewis, AICPA
Jan Lewis is a Tax Partner with Haddox Reid Eubank Betts PLLC in Jackson, MS. Her responsibilities include income and estate tax planning, research, and compliance for individual and business clients. Her areas of practice include healthcare, oil and gas, construction, and real estate. She has taught continuing education classes in the areas of individual tax planning and S corporation tax issues, and has given presentations on financial literacy, current tax policy, and other tax issues to various groups across Mississippi. Jan is active in the Mississippi Society of CPAs (MSCPA), having served on its Board of Governors and as its President. She has previously served as an officer of the Society’s Central Chapter, and as a trustee of the Mississippi Tax Institute. Jan is a member of the MSCPA’s Long Range Planning Committee, and is currently the chair of the MSCPA’s Young CPAs Liaison Committee. She has served as the MSCPA’s elected representative to the AICPA Council, and on the AICPA Life Insurance and Disability Plans Committee. She is currently chair of the AICPA’s Tax Practice and Procedures Committee. Jan is a native of Jackson, MS, and a 1985 summa cum laude graduate of Mississippi State University. She is a member and past chairperson of the Richard Adkerson School of Accountancy Advisory Board at MSU. She was chosen as MSU Beta Alpha Psi Alumnus of the Year in 2000. Jan is active in her community, serving as a board member of the Community Foundation of Greater Jackson and on the finance committee of Broadmoor Baptist Church.
Non-Member Price $199.00
Member Price $159.00