CPAs seem to always be at the brunt of a legal battle, and companies need proper coverage to protect them, says an industry insider
CPAs are no longer just crunching numbers – they’re navigating lawsuits, compliance mazes and fraud fallout. And many firms don’t realize how exposed they really are.
The accountant’s role has morphed into something more complex and liability prone. With firms offering services like investment consulting, offshore outsourcing, and even insurance sales, they’ve entered regulatory minefields – without necessarily updating their risk protections. Tax-related claims now account for over half of the liabili