- NY Credits : 1.0
- TX Credits : 1.0
Avoiding Legal Liability for CPA Firms Updated
It is important for a CPA firm to have a program for recognizing and managing liability risks that can adversely affect the finances and operations of an accounting firm, and in some cases, threaten the firm's existence. This course provides guidance on avoiding and minimizing legal liability. This basic level course is most beneficial to professionals new to legal liability for CPA firms. However, it may also benefit a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify the three lines of defense,
differentiate between loss prevention and damage control measures, and
recognize the advantages and disadvantages of alternate dispute resolution measures.