“CPAs, along with the rest of the economy, are struggling to operate with a sense of normalcy under the cloud of the COVID-19 pandemic and its unprecedented challenges,” Jonathan S. Ziss writes in CPA Now. “But despite the ever-present concerns and distractions of such a far-reaching health and economic emergency, professional risk must remain top of mind.”
Jonathan, chair of Goldberg Segalla’s Management and Professional Liability practice, explains some of the professional risks facing CPAs in this environment, including financing concerns, disclosure requirements, cybercrime, employment liability, and fraud. He also identified mitigation practices and other helpful resources.
“Certain important due dates (such as tax filing) may have been relaxed,” Jonathan says, “but the standards of due care most certainly have not.”
“Risk Mitigation Strategies in the Time of COVID-19,” CPA Now, April 6, 2020