Running a CPA or EA practice is rewarding, but it comes with real risks. Even the most careful professionals can face a malpractice claim if a client feels let down. Do you know why clients sue and what steps can help prevent those claims before they arise?
Professional liability is an unavoidable risk for tax firms, regardless of size or experience. Understanding how malpractice claims arise and how to reduce exposure is a critical component of operating a sustainable professional tax practice. This CE course examines the common patterns behind malpractice claims in tax practices and provides practical strategies to help prevent claims, reduce exposure, and protect both your firm and your professional reputation.
Beyond prevention, the session takes a practical dive into Errors & Omissions (E&O) insurance. Many firm owners carry coverage but may not fully understand how claims-made policies, retroactive dates, or defense-cost provisions work. Without that knowledge, you may be paying for a safety net that may not provide the protection you expect when you need it most. This course explains key policy mechanics in plain English, helping you confidently evaluate, manage, and rely on your E&O insurance coverage.
Learning Objectives:
- Identify top drivers of malpractice claims against CPA and EA firms.
- Discuss engagement and documentation practices that reduce claim risks.
- Explain E&O policy mechanics including claims-made triggers and defense costs.
- Identify and aanalyse exclusions and endorsements impacting professional tax practices.
- Identify how risk changes as a result of new information, client action (or inaction,) or other events that arise during a tax or consulting engagement.
- Explore reporting strategies to preserve insurance coverage and minimize loss.
- Differentiate practice controls by mapping them to malpractice claim scenarios.
Major Topics:
- Why Clients Sue: Common Patterns
- Malpractice Prevention and Engagement Practices
- E&O Insurance Policy Basics
- Exclusions, Endorsements, and Coverage Limits
- Reporting, Response, and Post-Incident Improvements
- Real-World Malpractice Claim Scenarios
- E&O Reporting Requirements and Coverage Considerations
Finally, we’ll tackle real-world claim scenarios, breaking down exclusions, endorsements, and reporting requirements. By the end, you’ll not only know how to minimize risks but also how to respond effectively if a claim arises. Join us to protect your firm, strengthen client confidence, and ensure your insurance truly has your back.
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Information Technology
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Self Study
- IRS Course ID: PJGWS-T-00139-26-S
- Attendance Requirement: Yes
- Session Duration: 2 Hours
Who Will Benefit:
- Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Attorneys
- Tax Managers
- Controllers
- Partnerships and S Corporation Advisors
- Business Tax Consultants
Speaker Profile:
Elan Becker is an Enrolled Agent admitted to practice before the IRS and the founder of Enrolled Agent Concierge, a boutique tax advisory practice known for white-glove service, responsiveness, and practical tax solutions. The firm guarantees a 48-hour client response time or the next month is free. With over a decade of experience in accounting, auditing, operations, and tax, Elan specializes in tax advisory, compliance, and resolution, guiding entrepreneurs and high-net-worth individuals through complex IRS codes to make tax work in their favor.
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Information Technology
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Self Study
- IRS Course ID: PJGWS-T-00139-26-S
- Attendance Requirement: Yes
- Session Duration: 2 Hours
A self-study course allows you to complete an educational program at your own pace and convenience, without attending a scheduled live webinar.
Depending on the course, the program may include:
- Recorded educational content
- Presentation materials and handouts
- Learning objectives
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- Final assessment/examination
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- Certificate of completion
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Your purchased self-study courses will be available there, along with applicable course instructions and materials.
Yes. Self-study programs are designed to provide flexibility and allow you to complete the educational content at your convenience, subject to the access period specified for the particular course.
To receive IRS CE credit, you must successfully complete all applicable course requirements.
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For IRS self-study programs, the required passing score is 70%.
Yes. We provide online self-study continuing education programs for tax and accounting professionals.
Our qualifying programs are designed to provide IRS Continuing Education (CE) credits for eligible tax professionals, subject to the specific course and applicable IRS requirements.
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If the course is being completed for IRS CE, you may be required to provide your Preparer Tax Identification Number (PTIN) and other required information.
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Live Webinar
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Self-Study Course
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