Dec 4, 2019
Steven A. Menges (AICPA & CIMA, CPA.com New York) presents this special compilation of interviews from CPA.com's new "Modernising Your Practice" audio and content series. There's plenty of international relevance in this in-depth collection of best practices from the US accounting profession. Ellen Goria, (Associate Director – Global Professional Ethics at the AICPA’s Professional Ethics Division) discusses the hot topic of firms offering technology services in addition to audit and other assurance services. Plus, Stan Sterna, JD from Aon and Sarah Ference from CNA discuss challenges (and insights) around liability risk in engagement letters. Stan then discusses privity in third party audit claims, including reasons a firm may face a lawsuit in this area, and tips to decrease firm risk and limit liability.
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· Ellen Goria, Associate Director of Global Professional Ethics at the AICPA’s Professional Ethics Division
· Sarah Ference, CPA, Risk Control Director, Accountants Professional Liability, CNA
· Stan Sterna, JD, Vice President, Aon Insurance Services, Professional Firms
1) Hosting Services Interpretation, Portals and More – A Discussion. (Ellen Goria interviewed by Steven A. Menges, Product Team – Assurance, CPA.com)
2) Engagement Letters: Foundational Best Practices. (Stan Sterna, JD from Aon and Sarah Ference from CNA. Interviewed by Matt Towers, Product Lead – Assurance, CPA.com )
3) Privity in Third-party Audit Claims. (Stan Sterna, JD from Aon interviewed by Matt Towers).
AICPA & CIMA and other guidance or explanatory content on the topics discussed in this episode:
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