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Professional liability Q&A: AI disclosure, retired-partner risk, and more

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Manage episode 481420791 series 8007
Content provided by AICPA & CIMA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AICPA & CIMA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Sarah Ference, CPA, an author of the JofA’s Professional Liability Spotlight column, returns to the JofA podcast to discuss recent column topics and the advice CPAs can gain from them.

In the previous episode focused on Professional Liability Spotlight content, Ference detailed the January topic of risk management mantras.

The articles discussed in this episode include:

n February: “Retired Partners: A Liability Risk?

n March: “The Risk of Providing Unintentional Financial Advice

n April: “Should I Disclose My Use of Gen AI to Clients?

In addition, Ference described the May column topic and several upcoming topics.

What you’ll learn from this episode:

· The importance of considering the client’s perspective related to disclosure of generative AI use.

· An explanation of the concept of apparent authority.

· Why guardrails are needed for retired partners who might still maintain an office at a firm.

· How casual conversations with clients can expose a firm to risk.

· A theme for upcoming Professional Liability Spotlight columns.

  continue reading

461 episodes

Artwork
iconShare
 
Manage episode 481420791 series 8007
Content provided by AICPA & CIMA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AICPA & CIMA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Sarah Ference, CPA, an author of the JofA’s Professional Liability Spotlight column, returns to the JofA podcast to discuss recent column topics and the advice CPAs can gain from them.

In the previous episode focused on Professional Liability Spotlight content, Ference detailed the January topic of risk management mantras.

The articles discussed in this episode include:

n February: “Retired Partners: A Liability Risk?

n March: “The Risk of Providing Unintentional Financial Advice

n April: “Should I Disclose My Use of Gen AI to Clients?

In addition, Ference described the May column topic and several upcoming topics.

What you’ll learn from this episode:

· The importance of considering the client’s perspective related to disclosure of generative AI use.

· An explanation of the concept of apparent authority.

· Why guardrails are needed for retired partners who might still maintain an office at a firm.

· How casual conversations with clients can expose a firm to risk.

· A theme for upcoming Professional Liability Spotlight columns.

  continue reading

461 episodes

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