PPP Client Fraud: How Much Risk Is Too Much?

bar chartWhere do you fall on the risk-tolerance scale?

PPP: Are the Risks Worth It?
Practice Management Do’s and Don’ts
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By Sandi Leyva

How aggressive should you be when advising clients on Paycheck Protection Program (PPP) forgiveness?

MORE: Survey: Who’s Not Billing for PPP Services? | PPP Traps: 1 in 5 Accountants Report Shady DealingsAdd These Money-Making Rituals to Your Work Day | 3 Ways to Opt Out of Any Downturn

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While any risk stance should always be the decision of the clients, we asked this question in a recent joint Accountant’s Accelerator / CPA Trendlines PPP Survey: On average, across all of your clients, how aggressive of a stance are you taking with PPP forgiveness?

We asked 600+ survey respondents to choose a number between zero and 100 where zero is conservative or extremely risk-avoidant and 100 is aggressive or extremely risk-tolerant. The mean was 42, or slightly more conservative than aggressive.