Beyond the Engagement Letter: Risk Management Issues in CAS

With the advent of new technology, outsourced client accounting services (CAS) has become an increasingly lucrative area of practice to CPA firms of all sizes. However, many questions arise regarding where liability lies, how to train staff on interactions with clients' management and protection of client data in the cloud. Stan Sterna, vice president at AON, and Sarah Ference, a risk management director for C NA and former outsourced services director will discuss: common risk issues, internal control strategies, red flags to watch for, and how to disengage from a client.