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Tag: accountants professional liability

Accountants Professional Liability Insurance Adviser

Pandemic-related challenges likely to impact your firm in the immediate future

By  Rickard Jorgensen, FCII, ARM, ACIArb. Staff and firms have been eager to get back to work but the reality is that the workplace has changed for ever.  It is likely that this “new normal” will continue until there is a widely available and effective vaccine. This leaves firms in a state of limbo.  The…
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Conservation Easements – the next wave of malpractice claims against accountants and tax preparers?

By Ralph Picardi, Esq. and Rickard Jorgensen, FCII, ARM, ACIArb. Because of a recent uptick in enforcement actions by the Internal Revenue Service, accountants’ professional liability insurers are beginning to pay attention to the potential of claims arising from the sale of these alternative investment products. They are a type of tax shelter which is…
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Some Broad Guidance for CPAs on the Post-COVID-19 Reopening of Your Office

By Rickard Jorgensen, FCII, ARM, ACIArb CPA Firms have a number of questions when planning the office reopening process.  The most significant challenge is staff safety, as well as clients and other visitors.  Liability if someone is contaminated, especially staff, is uncertain and Government guidance often.  It is wise to continually monitor guidelines from the…
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Our first COVID-19 related claim against a CPA Client

by Rickard Jorgensen, FCII, ARM, ACIArb. We have been scanning the metaphorical horizon to see how the pandemic is impacting CPAs and generally, although many firms have seen a depression or shift in fees to later in the year, there have been very fee actual professional liability claims against CPAs. However, there is always an…
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