Professional risk management
Professional risk management is the term applied to the practical measures that can be taken by accountants to manage the extent of potential professional liability risks.
Risk Management Guidance
The Institute publishes Technical Bulletins, drawing members' attention to the principal areas in which actions for negligence may be brought against them by clients or third parties and suggesting steps which they may properly be able to take to reduce the risk of such claims.
|PRMB 2||Auditors' Duty of Care to Third Parties and The Audit Report|
Managing the Professional Liability of Accountants
The Institute publishes on a regular basis Professional Indemnity Insurance Master Policy (Policy) Bulletins (PIIBs) which are prepared by the appointed brokers of the Policy highlighting issues of interest in the area of Professional Insurance Indemnity.
|No.||Theme articles||Issue Date|
|PIIB 10||2003-2004 renewal of the Institute PII Master Policy||02/04|
|PIIB 5||Auditors' Duty to Shareholders||5/99*|
|PIIB 4||Year 2000 Exposure||6/98*|
|PIIB 3||Issues Relating to the Renewal of the PII Master Policy||10/97*|
|PIIB 2||PII Master Policy Scheme Update||9/97*|
|PIIB 1||PII Master Policy Coverage||6/97*|
* If you would like to obtain any of these back issues, please contact the Department of Operation & Finance of the Institute.