Accountants Liability: Balancing Risk & Reward

Program Description
"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 course, you'll 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..
Learning Objectives
  • 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 an attest, tax or consulting engagement
  • Learn strategies to respond to those changes in risk to help maintain alignment with the firm's risk appetite

Program Level
Recommended Field of Study
Regulatory Ethics*
Instructional Delivery Method
Group live program
Recommended CPE Credit
Four hours
Prerequisites and Advance Preparation
Refund Policy and Complaint Resolution Process
Full refunds will be issued if written cancellation requests are received five days before the seminar date. Please send refund requests and complaints to your regional AICPA Program representative.
*The subject matter of these course materials is classified by NASBA as Regulatory Ethics under the CPE Fields of Study. For more information on the Field of Study classification, please visit "Regulatory Ethics" is a classification of course materials created by NASBA and does not mirror state board of accountancy requirements for ethics training. Please contact your state board directly regarding further procedures to determine the field of study applicable to the course materials.
Continental Casualty Company, one of the CNA Insurance Companies, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
Continental Casualty Company, one of the CNA Insurance Companies, is registered with NASBA under National Registry Sponsor Number 103378. The Company is also a registered sponsor in the state of Texas (sponsor ID #009300).
In accordance with the standards of the NASBA National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour. Individual state boards of accountancy have final authority on the acceptance and categorization of programs for CPE credit. It is your responsibility to report on continuing professional education to the state board of accountancy in those states where you are licensed to practice. Information on the jurisdictions that accept the National Registry of CPE Sponsor is available at
Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc. (TX 13695), (AR 100106022); in CA and MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc. (CA 0G94493), Aon Direct Insurance Administrator and Berkely Insurance Agency; and in NY, AIS Affinity Insurance Agency.
One or more of the CNA companies develop the content and provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. CNA is a registered trademark of CNA Financial Corporation. Copyright 2020 CNA. All rights reserved.