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Purpose of the audit quality control practices in audit legal liability of the auditor professional judgment and ethics in auditing management assertions and the related audit objectives auditor considerations in client acceptance materiality. Accounting professionals including tax preparers and consultants can be at risk for liability exposure in handling the sensitive financial information necessary to serve their clients. Protect You Against Financial Loss With Professional Indemnity Insurance Professional Indemnity Insurance Indemnity Insurance Professional Insurance Professional Liability a type of liability coverage designed to protect traditional professionals eg accountants attorneys and quasi-professionals eg real estate brokers consultants against liability incurred as a result of errors and omissions in performing their professional services. Accounting professional liability insurance . Although there are a few exceptions eg physicians architects and engineers. We compa...

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