The current financial environment has placedrnincreased pressure on both accountants and their clients, which in turn can lead to increased risk of liability.rn"There's additional pressure on clients in a competing marketplace, and this puts a downward pressure on fees that CPA firms can collect," said Alvin Fennell, vice president of sales and underwriting at Aon, the national program administrator for the American Institute of CPAs' professional liability insurance program. "Having to do more and earning less revenue puts a strain on internal controls. It may lead them to take on engagements in which they're not proficient."
展开▼
