Managing risk is one of the pillars of a successful accounting practice. Of course, your firm needs to make money.
But, if you don't take care of risk at the same time, one of those unmanaged risks may come back to bite you. At
the least, it could cost you some money. It might cost more than that, though. Professional reputation and future
income potential are other possible costs. And, those can be big ones. Your top option is to implement accounting
risk management best practices at your firm. That way, you've got a plan to avoid mistakes and miscommunications
that can lead to unexpected losses.
This infographic can be used as a quick and easy guide to minimize risk.
Inside you'll find tips on:
- Client relations
- Training and continued education
- Various risk management tools