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ENG2436
Risk Management for A&A Practices: What You Can Do Now to Help Defend a Future Malpractice Claim (NAA, PRA)
Date
June 5, 2024
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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Asso…
When an attest client goes bankrupt or experiences a large loss, there may be little an accountant can do to avoid being blamed for not catching something soon enough. However, there are risk management practices that all A&A practitioners can implement now to help improve their defensive position should they find themselves embroiled in litigation.
Learning Objectives
- Identify how professional liability claims arise related to the delivery of audit and attest services
- Identify practices to incorporate during the delivery of audit and attest services to help mitigate the risk of a malpractice claim
- Recognize large loss drivers in professional liability claims involving A&A services
Speakers
Risk Control Consulting Director, CNA
Partner, RubinBrown LLP
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