Help spread the word about CalCPA and the CPA profession–applications are being accepted for the CalCPA Campus Ambassador Program.

Campus Ambassadors are students passionate about pursuing a career in accounting and becoming CPAs and will spend approximately 20 hours of work per semester focused on:

  • Building awareness of FREE CalCPA student membership and benefits to students and educators;
  • Increasing visibility of CalCPA on campus; and
  • Strengthening ties between local CalCPA chapters and colleges/universities.

Eligibility requirements and application are available online. Applications are due Nov. 18.

It’s Time to Apply for CalCPA/AICPA Leadership Positions

The application period for the 2017-18 CalCPA Board and Council, AICPA Council and CalCPA Education Foundation Trustee and Officer positions is now open. For information and to apply, please visit one of the all new online application links below:

All applications must be submitted electronically through one of the above links no later than Dec. 5. Learn more.

CAMICO Tip of the Month: When Fraud is Suspected, Punt

If fraud or misappropriation of assets is suspected, recommend in writing to the client that a fraud exam or forensic investigation under a separate engagement be conducted by a qualified professional. If the client declines, obtain the declination in writing.

When faced with suspicion that their client may have suffered a fraud, CPAs often want to, and do, come to the rescue. But, do they have the professional competence to do so? In their eagerness to help, do they take due professional care or adequately plan or supervise their response to the fraud? And do CPAs obtain sufficient relevant data to support statements made regarding the alleged fraud? In their eagerness to help, CPAs might not have considered these general standards.

When faced with this opportunity/dilemma, CPAs should answer the following five questions before taking on this assignment: Will I impair my independence? Am I conflicted out? Do I have the requisite competence? Do I have the necessary experience/qualifications? Will I be digging my own grave?

If persons performing the fraud investigation work lack the requisite objectivity and competence, their efforts could result in evidence spoliation and a waste of valuable time. CPAs considering this niche are often surprised by the requirements.

For more information and guidance about CPA firm insurance issues, visit CAMICO online.

Register Today for CPA Day in Sacramento

Registration is open for the next CPA Day at the Capitol–Jan. 31–in Sacramento. This event allows members to set the groundwork for CalCPA’s advocacy efforts for the upcoming session by discussing important issues facing the CPA profession and businesses.

CPA Day provides members with the chance to be at the forefront of several key issues, such as taxes on professional service proposals. The Legislature will reconvene in January, and CalCPA plans to once again maintain an active presence in the Capitol.

CalCPA COT/IRS Liaison Meeting Webcast Nov. 16 

Register for this FREE webcast of the CalCPA Committee on Taxation/IRS Liaison meeting. This is the first webcast offered that allows you to see what important tax issues the COT/IRS liaison meeting highlights. Don’t miss out on this opportunity to hear from high-level IRS speakers on several hot topics in the tax world.

Member Benefit: Discounted Personal Umbrella Coverage

CAMICO Insurance Services, CalCPA’s recommended broker for Personal Umbrella coverage, offers enhanced coverage and lower rates to CalCPA members only. Benefits include:

  • Limits up to $10 million available.
  • Broader definition of insured, including coverage for domestic partners.
  • $1 million of uninsured/underinsured motorists’ coverage standard in every policy.
  • Up to $25,000 of excess identity theft coverage included.
  • Defense costs are in addition to limit of liability and unlimited.
  • Firm Group Personal Umbrella policy available at discounted price.
  • Easy and concise online application.

Did you miss the annual enrollment deadline for the Nov. 1 policy effective date? You can still receive a pro-rated Dec. 1, 2016, policy effective date, if you apply by Nov. 21.

Go online for a free no-obligation quote. For more information, visit the frequently asked questions page, or call (800) 652-1772 ext. 6773 to speak with CAMICO Insurance Services Senior Account Executive Rachel Painter.