Many practitioners believe that as long as they stay away from audits, they will be immune to lawsuits. That’s not true: statistics from CPA Professional Liability Plan Inc. show that the highest volume and value of professional liability insurance claims for small and mid-sized firms are related to tax services.
Read this blog post by Bruce Ball, VP of Tax at CPA Canada for tips to avoid being on the wrong end of a lawsuit.
Risky Business: Managing Tax Practice Risks and How to Mitigate Them
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