Bifurcated or “Split” Indemnity

As we review owner-drafted contracts for our design professional clients, we occasionally will suggest a “bifurcated” or “split” indemnity. We suggest splitting the indemnity when clients insist on including the obligation for the design professional to “defend” the client.  Negotiating and achieving an insurable indemnity with a client is not for the faint of heart.  We find educating the client …

Wire Transfer Fraud: What CPAs Need to Know

CPAs, like other professional service providers, have become targets for wire/fund transfer and social engineering fraud as cyber criminals continue to improve their hacking skills. Nationally and globally, we’re seeing an increase in schemes that trick companies into wiring funds to fraudulent bank accounts. While internal controls are essential, they can only go so far. What’s the Best Course for …