Conflicts of Interest Still Cause Trouble for CPAs
By Duncan B. Will, CPA/ABV/CFF, CFE Conflicts of interest have long been a major factor in professional liability claims against CPAs. Part of … Read more
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Meet CAMICO’s New Vice President of Information Technology John Zissu
John Zissu became Vice President of Information Technology on April 7, 2025. John Zissu joined CAMICO as Vice President of Information Technology on April 7, 2025. Prior to CAMICO, Zissu served as Vice President – Platform Owner at Everest North America and as Vice President of Technology at Tokio Marine HCC (TMHCC), where he spearheaded … Read more
CAMICO Tip: Best Practices to Prevent Wire Transfer Fraud
Q: My client has asked our firm to initiate wire transfers. What risks are associated with agreeing to initiate wire transfers and what protocols should our firm consider? A: CPA firms continue to be at high risk of social engineering attempts due to the type of information firms gather and store. If the firm and/or a … Read more
CAMICO Tip: Best Practices When E-filing Tax Returns
Q: With most tax returns being e-filed, has CAMICO noticed any trends in e-filings not going through? If so, what advice do you have for policyholders to prevent or address these situations? A: CAMICO has observed a rise in issues with e-filed tax returns, including processing failures and fraudulent filings. To address these challenges, firms … Read more
Loss Prevention Trend: The Information Security Plan (“ISP” or “WISP”)
Q: My firm has a Written Information Security Plan (“WISP”), but it hasn’t been updated since early 2023. How often should we be reviewing/updating our WISP? And have there been any significant changes to the regulatory guidance related to physical, technical, and/or administrative safeguards a CPA firm is required to have in place to protect … Read more
CAMICO appoints Julie Schilling as its incoming Chief Financial Officer
Julie Schilling, CPA, will become Chief Financial Officer, effective January 1, 2025. SAN MATEO, Calif. (November 7, 2024) — CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, announced that Julie Schilling, CPA, will become its next Chief Financial Officer (CFO), effective January 1, 2025, when CAMICO’s current CFO … Read more