Risk Management for your Accounting Practice

Date: Thursday, February 9, 2006
Time: 01:00 PM ET / 12:00 PM CT / 11:00 AM MT / 10:00 AM PT [Prevailing Time]
Presenter(s): Mr. Ralph Picardi, CPA, Esq., and Mr. Tom Henell, VP, NAPLIA, Sponsored by NAPLIA
Objective(s):
Risk Management for your Accounting Practice: a look at leading claim statistics, common causes of malpractice claims, and ways that you can avoid them.
Field of Study: Management
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based

No advanced preparation or prerequisites are required for this course.
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Course Description

This program will take a statistical analysis of claims against accounting professionals over the past decade and further identify current trends seen by professional liability carriers in recent years. We will look at potential claim areas based on areas of practice, as well as, claim frequency and severity. Expanding on these areas we will select several practice areas identified through the statistics and explore potential reasons for claims. This exploration will include “war stories” of actual claim scenarios and common ways for you to avoid similar scenarios in your own practice.

Presenter and Moderator Bios
Ralph Picardi, Esq, CPA

Ralph Picardi is a partner in the Boston based law firm of Lapping & Picardi, and responsible for their litigation practice, which concentrates primarily in the area of defending accountants, lawyers, insurance agents and other professionals in matters of professional liability.

Before practicing law, Mr. Picardi practiced as a Certified Public Accountant for Ernst & Young in Boston. He is currently a member of the American Institute of Certified Public Accountants, the Massachusetts Society of Certified Public Accountants and the American Association of Attorney-Certified Public Accountants.

He received a J.D. degree, cum laude, from University of San Diego School of Law in 1987 and served on the editorial board of the Law Review. He received a B.S. in Accounting, magna cum laude, from Boston College School of Management in 1981.

Tom Henell, Vice President – NAPLIA

Tom Henell is Vice President of North American Professional Liability Insurance Agency, LLC (NAPLIA). NAPLIA is an independent agency that specializes in providing professional liability insurance and related products on a national basis. As an independent agency, NAPLIA represents the best interests of over 10,000 accounting professionals. NAPLIA is advocate in the industry and have been instrumental in designing, implementing, and providing the best accountants professional liability policies available.

Mr Henell has worked in professional liability for 17 years and has earned the prestigious designation of Certified Insurance Counselor (CIC). He has been instrumental in the development of several professional liability programs and has worked with leading carriers and agencies in the industry. He is responsible for the national advertising and marketing of NAPLIA.

NAPLIA:

NAPLIA is a premier provider of Accountants Professional Liability Insurance protecting over 10,000 accounting professionals in 46 states. As one of the largest independent agencies in this market, we are advocates for our clients and represent several of the leading insurance carriers

Accountants Professional Liability Insurance was the foundation of NAPLIA's business model from which we grew a national agency of experts in professional liability. Today, we are one of the largest independent agents writing Accountants Professional Liability and insure over 8,000 accounting professionals. We understand the Accounting industry, and we are at the forefront of the constantly changing professional liability market that serves them.

NAPLIA is licensed in 46 states and works with a number of different carriers in providing the best coverage for your firm. We are advocates in this industry and have been instrumental in designing, implementing, and providing the best accountants professional liability policies available.

NAPLIA is the largest writer of the CPAGold program in the country. The CPAGold offers the broadest coverage available in the marketplace.

NAPLIA is a Preferred Agent for Philadelphia Insurance. Philadelphia is rated A+ by AM Best and their program offers many unique coverage features.

NAPLIA represents several other markets and carriers and can provide you the best solution to meet your needs.Objective:
Identify key trends in professional liability claims against accountants and learn beneficial tactics to avoid potential pitfalls in your own practice.

Cost
$25.00 for CPAFMA Members / $40.00 for Non-Members / Free for PAFMs

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the MAPCast’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line with the names and email addresses of each individual guest. Log-in details will be emailed to all registrants approximately 1-2 days prior to each session.

Refund Policy

CPAFMA will not issue refunds for MAPCasts. If a registrant is unable to participate in the MAPCast and sends written notice to info@cpafma.org 48 hours prior to the session, a credit will be provided for a future MAPCast. Alert the CPAFMA staff member monitoring the MAPCast if technical difficulties are encountered and technical support will be provided to eliminate problems with future MAPCasts.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to show active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the MAPCast recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits.

For more information regarding CPAFMA MAPCasts or administrative policies such as complaint and refund, contact the CPAFMA Headquarters at 937-222-0030, or info@cpafma.org.