Reputation rises on accountancy firms’ risk agenda

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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