Accountant Malpractice Attorney

Representing Clients in Accounting Malpractice Suits

Professional Malpractice Lawyers in South Florida

Representing Victims of Accounting Malpractice

Accountants and other professionals have a duty to act in their clients’ best interests. Accountants are held to a higher standard of conduct than ordinary persons, and if they are negligent in their practice or if intentionally wrong an individual or corporate client, they can be found liable for damages. An successful accountant malpractice attorney will have a strong background in commercial litigation and a thorough knowledge of accounting. Accounts are required to comply with the rules set forth under Generally Accepted Accounting Principles (GAAP) and the Public Company Accounting Oversight Board (PCAOB). Generally, an accountant malpractice attorney will file suit against an accountant where the malpractice stems from a failure to provide professional services in accordance with the rules and regulations set forth by the aforementioned governing bodies. Accountant malpractice may also result where an accountant makes false statements that have an impact on the securities market. The elements of a lawsuit for accountant malpractice are as follows: (1) the accountant had a duty of care and responsibility to the client; (2) the accountant engaged in negligent or intentional activity which resulted in a violation of accounting industry rules; (3) the  injured party suffered a financial loss as a result of the accountant’s breach of duty; (4) the financial loss suffered was a proximate cause of the injured party’s damages.

If you have suffered financial or other losses as a result of accountant malpractice, you may be able to file a civil lawsuit to redress the wrongs. Edelboim Lieberman Revah Oshinsky PLLC can provide the skilled representation you need to take action. As Miami professional malpractice attorneys with over four decades of legal experience, we understand a professional’s fiduciary duties to their clients, the duty of care to their clients, and the duty of loyalty to their clients. To learn more about accountant malpractice check out this free resource. We can provide helpful guidance to determine if you have a viable case and can represent your interests inside and outside of the civil courtroom.

Discuss your potential case with an experienced accountant malpractice attorney – call (305) 768-9909 for a free and confidential consultation.

Standard of Care Violations & Professional Malpractice

When it comes to accountant malpractice actions, a plaintiff will typically need to establish that:

  • The professional owed a certain standard of care to the plaintiff;
  • The professional failed to uphold that standard of care; and
  • The plaintiff suffered losses as a result of that failure.

The “standard of care” may be established as the level of care that a reasonably prudent professional in the same line of work and similar circumstances would have exercised. For an attorney, as an example, malpractice may include such acts as: failing to file documents in a timely manner; failing to show up in court; or misuse of client funds. Any type of negligence or wrongdoing that results in substandard care may be considered malpractice and provide sufficient grounds for a lawsuit and for recovery.

An accountant malpractice attorney should be able to ascertain whether the improper conduct in question amounts to regular negligence or gross negligence. Gross negligence involves malpractice which largely differs from generally accepted accounting standards. Some examples of accounting malpractice include:

  • Materially inaccurate tax returns
  • Incorrect accounting advice
  • poorly kept financial records
  • Embezzlement
  • Failure to act with standard of care expected of accountants
  • Faulty audits and failure to detect fraud
  • False certification of financial statements
  • Accounts Receivable errors
  • Failure to act in accordance with GAAP, GAAS and PCAOB rules

Accountants are required to maintain a certain level of skepticism concerning factors that may contribute to fraud. Accounting malpractice lawsuits are increasing. Our accountant malpractice attorneys are committed to the representation of clients or third parties injured as a result of the negligence or gross negligence of their accountants.

For more information, call an accounting malpractice lawyer at our firm at (305) 768-9909.

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