Accountant malpractice claims can impact your livelihood and reputation. Move quickly to start your defense. As a Certified Public Accountant (CPA) or other tax professional, you are aware of the professional guidelines for your field. CalCPA calls these the CPA Code of Professional Conduct. The Failure to follow the industry standards of California or Federal guidelines can result in angry clients, professional malpractice, and legal ramifications.
Professional malpractice occurs when established professional standards and/or codes of conduct are breached.
Accountants are bound to abide by Generally Accepted Auditing Standards (GAAS) and Generally Accepted Accounting Principles (GAAP). Many forms of accountant malpractice occur when an accountant deviates from the standards set by these two systems.
- GAAS — Standards that apply when an accountant is providing a transparent and unbiased auditing of your accounts.
- GAAP — Principles that apply when an accountant is preparing financial statements on your behalf.
Our office has experience defending tax professionals in California Superior Court, and representing your before the Office of Professional Responsibility.
Defending Accountant Malpractice
If you are facing a lawsuit, the plaintiff will need to prove you had a responsibility to your client, you deviated from professional standards, that your client had damages, and that you are the proximate cause of those damages.
Common examples of accountant misconduct include:
- Tax filing errors or incorrect tax advice
- Failure to recommend an audit
- Failure to detect embezzlement or fraud during an audit
- Inaccurate business reports or manipulating financial statements
- Inaccurately evaluating a financial transaction or statement
- Sloppy financial records
- Bad advice about an investment or estate planning matter
- Fraud, such as overbilling, embezzlement, license fraud, or conflicts of interest
Mistakes can occur, and it is important to make good efforts to protect yourself, your family, your business, and your reputation if you believe you may be facing a malpractice lawsuit. Call us now to start your defense.
Partner Christina Weed
Businesses, Accountants, and high net worth individuals trust Mendes Weed, LLP partner attorney Christina Weed with their complex legal matters. She is a licensed attorney with an LL.M. in Taxation from the University of San Diego. Ms. Weed also holds a Bachelors Degree in Accountancy. Christina has been designated a Board Certified Specialist in Taxation by the State Bar of California. This involves a rigorous testing and review process by the Bar, and only a small fraction of California attorneys receive this Board certification. Call her to get help defending your professional reputation against claims of accountant malpractice.
Mendes Weed, LLP offices are located in Walnut Creek and our skilled attorneys provide family, tax, business and trust law assistance for clients. For your convenience, we also have attorneys' offices in San Francisco and Sacramento by appointment only.
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Walnut Creek Main Office
1990 N. California Boulevard
Walnut Creek, CA 94596
San Francisco Office
201 Spear Street
San Francisco, CA 94105
By appointment only.
770 L Street
Sacramento, CA 95814
By appointment only.