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Accountants Liability: Balancing Risk and Reward (Tax Focus)
Webcast

Accountants Liability: Balancing Risk and Reward (Tax Focus)

Join the AICPA and CNA, the endorsed underwriter for the AICPA Professional Liability Insurance Program, for a panel discussion about professional liability exposures arising from the delivery of tax services.

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

Format

Webcast

Date

Oct 22, 2020

NASBA Field of Study

Regulatory Ethics

Level

Basic

CPE Credits

4

Author(s)

Jan Lewis, Nick Magone, Henry J. Grzes, Deborah K. Rood

Availability

Learning Outcomes
  • Understand how to assess the professional liability risks of new and existing clients and services in relation to the firm's risk appetite
  • Be aware of claim data by area of practice and understand implications for the firm
  • Assess how risk changes as a result of new information, client action (or inaction,) or other events that arise during a tax or consulting engagement
  • Learn strategies to respond to those changes in risk to help maintain alignment with the firm's risk appetite
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
  • Tax and Consulting services
  • Risk management issues related to consulting services
  • Addressing “hiccups”
  • Documentation
Product Details

Identify and evaluate risk

"Which clients should I engage with?" "What services will I provide?" "How will I deliver those services?" Every decision a CPA makes, and every action a CPA takes, has risk implications. The benefits of each decision made must be balanced with its professional liability risk. In this webcast, you will learn how to identify and evaluate the risk implications of your decisions and learn strategies to respond based on your firm's level of risk tolerance.

Join the AICPA and CNA, the endorsed underwriter for the AICPA Professional Liability Insurance Program, for a panel discussion about professional liability exposures arising from the delivery of tax services. This interactive webcast will provide you with information on how to assess and respond to the professional liability risks that arises from the decisions you make in your practice every day.

In addition to earning CPE credit, 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.

Please Note: Professional liability premium discounts will only be applied for viewing this webcast once. Multiple viewings will not result in the application of multiple discounts.

Who Will Benefit
  • All tax practitioners
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$199.00
AICPA Members
$159.00

Looking for group pricing?

We can help with discounts for group orders. Call us at 800-634-6780 (option 1), start a live chat with the icon to the right, or send us a note below.

Contact us
Credit Info
CPE Credits
4
NASBA Field of Study
Regulatory Ethics
Level
Basic
Prerequisites
None
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
4
Speakers
Jan Lewis
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 & gas, construction, real estate, and high net worth individuals. She has taught continuing education classes throughout Mississippi and nationwide to CPAs in the areas of income tax planning, business tax matters, and S Corporation tax matters, and has given presentations on financial literacy, tax reform, and other tax issues to various groups across the state. She has authored articles on tax matters for the Tax Adviser publication of the AICPA’s Tax Division. Jan has also served as a webcast leader for the AICPA since 2016 on topics such as Accountants Liability in Tax Practice and S corporation issues. Jan is active in the Mississippi Society of CPAs and has served as President of the Society and as a member of the MSCPA Board of Governors. She was previously an officer of the Society’s Central Chapter, and a trustee of the Mississippi Tax Institute. Jan currently is a member of the MSCPA’s Long Range Planning Committee and the MSCPA’s Young CPAs Liaison Committee. Jan is also an active member of the American Institute of CPAs. She has served as the MSCPA’s elected representative to the AICPA Council, and on the AICPA Life Insurance and Disability Plans Committee. She was a member and chair of the AICPA’s Tax Practice and Procedures Committee, and currently serves as a member of the AICPA’s Tax Executive Committee, the senior committee overseeing the work of all Tax Division committees and technical resource panels. Jan is also an appointed member of the AICPA’s G400 Practice Advisory Group. 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 Adkerson School of Accountancy Advisory Board at MSU and was selected as the MSU College of Business’s Alumni Fellow for 2016. She was chosen as MSU Beta Alpha Psi Alumnus of the Year in 2000.
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.
Henry J. Grzes
CPA, Lead Manager – Association of International Certified Professional Accountants
Deborah K. Rood
CPA
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. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For 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.

Accountants Liability: Balancing Risk and Reward (Tax Focus)
Oct 22, 2020
Select from the following options:
Oct 22, 2020
5pm9pm GMT
Nov 12, 2020
6pm10pm GMT
Dec 17, 2020
6pm10pm GMT
Nonmember Price
$199.00
Price excluding sales tax
$199.00
Do you have an AICPA membership? 
Log in to apply your member discount.

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