Doing the books.
While figure-work might seem a little staid, accountants face a wide range of risks. Simon Threadgold looks at the every expanding market for accountants' professional indemnity.
Dull, but safe. And highly lucrative if you succeed in being made apartner. Such is the image of the accountancy profession. But accountants
still face risks to their business which cannot be ignored. Indeed, the UK
and Irish chartered accountants' institutes demand that their members have
professional indemnity cover in place before they can practice under their
own name.
The reasons for this insistence are very sound. Not only do accountants
face legal action because of genuine errors, they are
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