Standards of Value: Theory and Applications

An indispensable reference tool for CPAs for avoiding common professional risks and hazards and achieving a successful and sustaining practiceBringing together the perspectives of CPAs, lawyers who defend and prosecute them and the underwriters and insurers who cover them, Professional Liability Risk Managementshows CPAs how to avoid professional errors and omissions that can lead to malpractice. It identifies the most prominent malpractice risks confronting professionals through scenarios and provides practical techniques to minimize exposure to these risks.Reveals how to avoid professional errors that may lead to malpracticeLooks at common malpractice risksPresents practical methods to reduce exposure to risksBoth a cautionary lesson plan and a reference tool offering clear guidance through and around problematic situations likely to arise in any practice, Professional Liability Risk Managementis organized largely according to the chronology of an engagement to better understand risk assessment and management as a method and a way of approaching the practice.