Everyone today must ask themselves: Is my workplace at high risk for sexual harassment? In a recent article, USA Today listed over 100 powerful men who have…
An Historical Perspective of CPA Liability
Adapting to Greater Expectations and Growing Exposures
Prior to the mid-1960s, litigation against accountants and other professionals was relatively rare. By 1970, however, expanded concepts of consumer rights brought an escalation in…
The Effect of Sexual Harassment on Internal Audit Risk Assessments
Are You Part of the Solution or Part of the Problem?
Everyone today must ask themselves: Is my workplace at high risk for sexual harassment? In a recent article, USA Today listed over 100 powerful men who have…
Reviewing Contracts with Customers
How CPAs Can Advise Business Owners
CPAs do not review contracts or practice law, but if they fail to pose common sense legal questions to their business clients, those clients may…
ICYMI | Ethical Dilemmas Facing CPAs: Three Case Studies
Managing Risk and Resolving Conflicts
People are generally optimistic, and no one wants to think about a good situation falling apart. CPAs like the idea of doing clients a favor,…
IRS Offers in Compromise
A Case Study
In situations where a taxpayer has a greater tax liability than funds, there are several options available. The taxpayer can, of course, borrow the money…
Tax advisors of estates are generally aware that the executor or personal representative of the estate is personally liable for the payment of federal estate…
ICYMI | Ethical Dilemmas Facing CPAs: Three Case Studies
Managing Risk and Resolving Conflicts
People are generally optimistic, and no one wants to think about a good situation falling apart. CPAs like the idea of doing clients a favor,…
Concerns regarding litigation over excessive 401(k) plan fees and conflicts of interest dominate the current thinking of plan fiduciaries. More plan sponsors are engaged in…
Annual Review Meetings
How to Get Individuals to Act
Annual reviews are crucial to all estate and financial plans; it is important for individuals to keep their trusted advisors abreast of any life event…
Excessive fee litigation and class action settlements increased significantly in 2014 and 2015. These decisions and negotiations will encourage more claims against retirement plan committees…