From www.accountingtoday.com: (US context) During busy tax season, accountants face heightened risks of errors that could lead to lawsuits, primarily due to issues like “scope creep” and missed deadlines.
Utilising engagement letters is crucial for clearly defining service expectations and protecting against liability claims, yet many practitioners neglect this practice.
Additionally, safeguarding client data is essential, as cyber threats increase during peak periods, necessitating measures like updated antivirus software and secure communication methods.