What now? Responding to a subsequent discovery of fact – AICPA Professional Liability Spotlight

Consider the following scenario. One morning, you see your audit client’s name emblazoned across the front page of the local newspaper. The story describes a long-term business deal gone awry and hints of embezzlement by the corporate controller. Doubt enters your mind as you envision every document you inspected and recall every conversation you had during … Continue reading

General Liability & Professional Liability: What’s The Difference?

Many businesses have and need both general and professional liability policies; although many business owners have trouble distinguishing the two.  Both general and professional liability policies protect a business from risks related to individuals who come into contact with the business.  Professional liability, however, is more specific to clients of the … Continue reading