Professional Liability Risk Management

An indispensable reference for CPAs on avoiding common professional risks and hazards to build a successful practice This book shows CPAs how to avoid the erros and omissions that can lead to malpractice. It identifies the most prominent malpractice risks confronting professionals through scenarios and provides techniques to minimize exposure to these risks. The book provides a cautionary lesson plan and works as a reference tool, including clear guidance through and around problematic situations likely to arise in any practice. It is organized largely according to the chronology of an engagement to better understand risk assessment and management as a method and a way of approaching the practice, as opposed to a set of tools sitting on a shelf.