Your business relies on your accountants and financial personnel firm to ensure financial accuracy, regulatory compliance, and strategic decision-making. When they fall short in their duty of care and errors rise to the level of…
Accounting malpractice describes professional negligence, errors, or misconduct by an accountant or accounting firm that results in financial harm to their client or other parties. Generally defined as when an accountant fails to meet the…
Accounting is a complex process. From recording financial transactions to analyzing the impact of a business’ economic decisions, accounting requires highly specific expertise and understanding of what is being reported, as well as associated laws….
A negligence lawsuit is a type of personal injury claim in which a plaintiff seeks compensation for damages they’ve suffered as a result of a failure of duty of care. That duty of care may…
We expect every professional to deliver what they promise and act responsibly and ethically, but there are certain services where that is particularly true, and where failure to do so represents malpractice. Though physicians and…
The services of a professional accountant are invaluable, whether you are a business owner or just an individual with complex accounting needs. Unfortunately, not every accountant holds themselves to the high standards you expect. If…
“Duty of care” is a legal term that is used in cases involving negligence. It refers to the expectation that individuals or entities will act in the same manner as a reasonably prudent person in…
Relying on the services of an accounting professional is a wise choice for anyone whose financial documents and tax returns require more than the most basic analysis. The knowledge and expertise that they possess should…
Most taxpayers have neither the time nor the complex knowledge needed to confidently prepare their taxes and financial statements themselves, and as a result, they put their trust in professional accountants. Unfortunately, not every accountant…
Malpractice is any kind of error, omission or deviation from standard practice that causes harm to a client. When it comes to accounting, malpractice specifically refers to a failure to adhere to the Generally Accepted…