PRACTITIONERS FORUM.

This article discusses issues concerning the role of a certified public accountant (CPA). In performing audits, the CPA must examine the adequacy of his clients' insurance coverage. While not claiming to possess the expertise of insurance underwriters, CPA should be sufficiently familiar with the subject to intelligently probe and review his clients' protection on insurable risks. Both the independent CPA and his client have much to gain by the conclusion of an audit as quickly as possible. The client undergoes a shorter period of inconvenience while the auditor is working on his premises and receives the financial statements early enough to permit timely action on the factors revealed. This leaves a satisfied client and also reduces the accountant's exposure to liability for the disclosure of post-balance sheet events.