If you want a way to better serve your clients, to provide additional services and to lower your practice risk all at the same time, then read on.Recently, I attended a workshop in which Ron Klein, an attorney and vice president of claims for Camico Mutual Insurance Co., talked about jury verdicts against CPA firms. He said that many juries disregard the disclaimer that CPAs place in their engagement letters regarding fraud, and that, by and large, juries think the CPA should know about all fraud involving a client for which the CPA is preparing a reviewed or compiled statement.
Of course, we all know that this is not the case and is simply ridiculous.
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