ENTREPRENEURIAL RISK MANAGEMENT

Module objectives

This module discusses ethical issues and their impact on the risk exposure of your firm. The client engagement process is examined, as well as how best to manage your risk in this area.

The module discusses quality control processes within an accounting firm, emphasizing the important role they play in assisting practitioners manage their risk in the day-to-day working of the firm. Business continuity planning and the key elements of prevention, preparedness, response and recovery are also covered. This also includes strategies to deal with the death, or incapacity of the practitioner. The module concludes with a discussion on liability and insurance within your firm and reviews the types of insurance that are most relevant to it.