While high-profile lawsuits involvi...

While high-profile lawsuits involving public company audit services on national CPA firms have dominated the headlines for a certain time now, the claims experience of large national CPA firms is not representative of the experience of small local firms. Although CPAs in 2003 practice in a long more litigious environment than what existed 20 years ago, it is useful to explore the claim experience of local CPA firms in Ohio as a means of identifying risky practices and providing insight about practice management activities that can help firms avoid experiencing accounting malpractice claims.

Continental Casualty Company, a CNA insurance company