In today’s litigious business environment, even the best professional
intentions can result in unfavorable consequences to accountants.The
fallout from a professional liability lawsuit often resembles a “domino
effect” as it may only take one claim for your hard-earned reputation,
your firm – and your financial livelihood – to come tumbling down. This
training is created by CPAs, defense attorneys,litigation experts and
risk control professionals to help you minimize malpractice risks. It
also provides you with sound risk control tools you need to incorporate
into your daily practice to help safeguard your firm and your most
important asset – your livelihood.
Learning Objectives
Learn to apply risk control techniques to help you avert malpractice
risk in today's litigious environment
Obtain a better understanding of
claim allegations against accountants especially those resulting from
good intentions
Take away practical strategies to help minimize
enterprise malpractice risks in your day-to-day practice
Learn risk
control strategies and techniques to help keep you ahead of today's
litigious business challenges
Find out how even the best intentions
can result in claim
Major Topics
Analyze claim statistics by area of practice
Present a real-life
drama exploring how new client acceptance could evolve into a claim
Discuss how common claim allegations may emanate from good intentions
and how to help lessen the risk
Illustrate the use of elements of a
system of quality control as risk controls
Examine specific risk
issues related to various areas of practice
Learn about privacy and
security risks of new technology and social media including, how to
respond to a data security breach
Uncover current risks surrounding
financial advisory services
