Accountants Professional Liability Insurance Blog

Case Study: CPA Steers Customers Toward a Ponzi Scheme

Posted on 4/2/2018 by Pearl Insurance in accountants professional liability cpa

Double-check your references.

As you strive to generate referrals, you do your best to provide outstanding customer service. But you could open the door to liability if you step outside the bounds of the engagement letter.

read more..

6 Social Media Rules for Accountants

Posted on 3/1/2018 by Pearl Insurance in accountants social media cpa cybersecurity

Think before you type.

While technology gives accountants new ways to communicate with clients and colleagues, it can bring privacy and confidentiality risks. So, let’s dive into the pitfalls of new technology and how to effectively use social media to your advantage.

read more..

9 Ways to Boost Your Mood During Tax Season

Posted on 2/14/2018 by Pearl Insurance in accountants accounting taxes tax season

Keep your stress in check.

The phone rings and rings. New messages flood your inbox. Your calendar fills up with consultations. You explain the new GOP tax law for the ten-thousandth time.

read more..

Don't Be Deloitte: Data Breach Lessons for Accountants

Posted on 1/9/2018 by Pearl Insurance in accountants professional liability accounting cybersecurity cyber liability

How to prevent hacks or handle the fallout.

In 2016, hackers stole client information from the email system of Deloitte, a "big four" accountancy and consulting firm. No one noticed the breach for a year. Though the timeline remains murky, details of the hack trickled out to the public in September 2017.

read more..

Our Top 4 Accountants Blogs of 2017

Posted on 12/15/2017 by Pearl Insurance in accountants professional liability accounting 2017

Put the New Year on pause.

Have you stocked up on party hats, confetti, and champagne for your New Year's celebration? Before you ring in 2018, take a look back at how the accounting world changed in 2017.

read more..

Outsmarting the Identity Thief

Posted on 11/14/2017 by Pearl Insurance in accountants professional liability accounting cybersecurity identity theft

Keep your data on lockdown.

By Wilhelm Dingler, Esquire

According to the Identity Theft Resource Center, there was a 40% increase in data breaches from 2015 to 2016. In total, $16 billion was stolen from 15.4 million United States consumers, as reported by Javelin Strategy & Research. Furthermore, in a Deloitte Touche Tohmatsu study, three of four companies surveyed reported a data security breach from outside the company.

read more..

3 Twisted Tales from a World Without Accountants

Posted on 10/10/2017 by Pearl Insurance in accountants accounting finances cpa crime A World Without

What happens when society doesn't add up?

Wealth is one of the most potent forces driving humanity forward. It can make budding societies blossom, or it can end empires; money can lead men and women down a doomed path of materialistic folly, or it can spur innovations that make the world a brighter place.

read more..

A Quick Account: How Frank J. Wilson Took Down Al Capone

Posted on 9/25/2017 by Pearl Insurance in accountants accounting cpa crime

When forensic accounting toppled a crime lord.

Al Capone's gang ran Prohibition-era Chicago with an iron fist. Capone and his cohorts racked up an estimated $100 million1 per year through gambling rings, prostitution, and bootlegging schemes.

read more..

Embracing the Age of Accounting Automation

Posted on 8/9/2017 by Pearl Insurance in accountants cpa automation

Technology holds the key to your career path.

A word like automation might make you think of apocalyptic wars between humans and machines. And as an accountant, you've probably worried about technology replacing all the human jobs in your profession.

read more..

Comfort Letters – What to Do?

Posted on 7/5/2017 by Pearl Insurance in accountants professional liability cpa comfort letters

How should you respond?

By Wilhelm Dingler, Esquire

Requests for comfort letters from loan underwriters and other parties have generated significant buzz in the accounting community. The topic has garnered considerable attention on NSA Tax Talk and local AICPA's tax list serves, as well as a host of others.

read more..