NSA Webinar - Engagement Letters - The Accountant's Best Defense to Professional Liability Exposures

When:  Sep 29, 2016 from 02:00 PM to 04:00 PM (ET)

Using professional liability exposures as a foundation, explore risk management and loss prevention techniques. This webinar will cover important elements of what should be included in an engagement letter will offer practical applications of risk management and loss prevention techniques with the presentation of several claim scenarios. Suggestions on additional sources of risk management information will also be provided.

This webinar will cover:

  • Professional Liability Exposures
  • Accountants as Professionals
  • Concept of Professional Standard of Care
  • Elements of Traditional Accounting Professional Liability
  • Other Types of Professional Liability Claims
  • Risk Management and Loss Prevention Techniques
  • Policies, Procedures and Techniques
  • Risk Management Procedures Develop and Change Over Time
  • Claim Experience
  • Engagement Letters
  • Engagement Letters as a Loss Prevention Tool
  • Important Elements of an Engagement Letter
  • Claim Scenarios and Engagement Letters
  • Other Engagement Letter Issues to Consider
  • Additional Resources for Risk Management and Loss Prevention Techniques

Learning Objectives:
Upon completion of this course, you will be able to:

  • Identify essential elements to be included in engagement letters
  • Recognize professional liability exposures in a tax/accounting practice
  • Identify elements of risk management plan
  • Implement risk management and loss prevention techniques

IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Presented by Kristine Jones, Donna White and Patricia McCarron, CPCU, Travelers

NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.

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