Accounting Malpractice

discussing accounting malpracticeAccounting malpractice occurs when an accounting professional improperly performs his or her duties. In the case of accounting malpractice, the allegation is that the accountant violated a reasonable standard of care in examining company records, statements and procedures.

Cases of this type fall under, but are not limited to, any of the following instances:

  • Failure to comply with the Code of Professional Conduct promulgated by the American Institute of Certified Public Accountants
  • Failure to properly audit financial statements
  • Failure to provide appropriate income or estate tax advice
  • Providing erroneous advice