Reputation is now cited regularly as a top risk in the annual reports, transparency reports and risk registers of accountancy firms as well as other professional services firms.
For the accounting profession, growth
and trust are inextricably linked. Whilst
brand impairment has always been a
threat, accountancy firms, the clients
they serve, regulators and capital
markets, together, face several profound
challenges. Even with meticulous
foresight and planning, events can be unpredictable. There are several insurance solutions that can help reduce the financial impact of reputational risk.
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