There’s nothing comforting about bank comfort letters, is there?
Tom Hood recently took a closer look at the risks associated with the letters, which seek documentation from CPAs for clients’ mortgage and loan applications. That blog post offers some related guidance for CPAs, and I strongly urge you to check it out.
Now, the folks at CNA are chiming in with additional guidance on a whole lot more than just bank comfort letters.
In an extensive podcast interview, CNA’s Amy Waldron and Stan Sterna take a closer look at a series of risks that should be on every CPA’s radar screen. They include:
In the interest of full disclosure, Aon and CNA are the MACPA’s preferred providers of professional liability insurance for members. Aon is the administrator of the program and CNA is the underwriter.
Listen to the podcast in its entirety, then tell us: What’s your biggest risk management concern these days?