Accounting malpractice is committed when an accountant or other accounting professional acts in a negligent or careless manner. Specifically, the individual failed to act in accordance with accepted standards of the profession. There are many forms of accounting malpractice:
Breach of fiduciary duty
Improper completion of tax returns
Improper advice or opinions
Improper disclosure of worth
Conflicts of interest
Failure to detect embezzlement
The plaintiff in an accounting malpractice claim may have to prove the following:
The accused accounting professional had clear responsibility towards the plaintiff
The accounting professional failed in their responsibility
Negligence caused/contributed to harm/injury of plaintiff
Establish that the accounting professional was the primary cause of harm/injury
Having a competent attorney on your side to help you navigate the often confusing and overwhelming issues that arise after an accounting malpractice incident is vitally important. An attorney will serve as your advocate and can assist you in getting legal expenses paid by the proper party, helping you with insurance issues and, if necessary, filing a lawsuit to compensate you for your losses due to the incident.
If you or someone you know believes they have suffered harm at the hands of an accountant or simply has questions which need to be answered, contact an attorney from the Law Offices of Kevin M. Siegel. The initial consult is at no charge to you.