Risk Management and Loss Control, Emerging Trends.
“What services will I provide?” “How will I deliver those services?” “How will I choose my clients?” These are just a handful of the questions every CPA must ask themselves when navigating the risks and rewards inherent in practice.
Every decision a CPA makes has risk implications. Simply put, today’s CPAs, regardless of their practice size, face a myriad of challenges when managing the broad range of potential challenges and risks inherent in their day-today practice responsibilities. That isn’t to say the reward isn’t worth the right risk, but how do you know where that line is and what to do to reduce legal implications? These decisions do not have to be overwhelming. Understanding those risks and implementing effective risk management tools is a huge step in building your practice management confidence, to implementing sound decisions and to reducing potential legal exposure.
In this course, you’ll gain important insights into emerging areas of exposure for the profession, such as reputational risk, data security risk, operational and financial services risk. You’ll come away from the course knowledgeable about some of the “war stories” and experiences of others. This will enhance your ability to identify and evaluate the risk implications of your decisions, as well as provide you with practical insight and tips to help you implement various tried and true strategies and best practices to refine your risk management skills and to respond to risk appropriately.
Presented by Stephanie Sessions, Esq. (1 CPE)