Lesser Law Group

About accountant malpractice

Many people in California do not feel comfortable handling their own accounting. They may opt to use an accountant who can assume the responsibility of ensuring that their taxes and other financial matters are in good standing. However, if the accountant does not properly manage their accounts, they may be the victim of accounting malpractice.

The Generally Accepted Auditing Standards and Generally Accepted Accounting Principles are protocols by which accountants are bound to abide by. GAAS pertains to when accountants provide an objective and transparent auditing of their clients' accounts. GAAP applies when accountants prepare financial statements on the behalf of clients. There are various forms of accountant malpractice that could take place when accountants stray from the standards and principles established by GAAS and GAAP.

The acts or omissions where accountants deliberately stray from accepted practices may be considered breaches of contract. A client should closely examine their accounting agreement documents to determine if the professional's actions qualify as a breach of contract.

Certain factors have to be in place in order for a breach of contract to occur. There must be an agreement between the client and accountant for professional services to be provided. The accountant must fail to yield certain results or fail to adhere to a proper standard of professional care. Furthermore, the failure of the accountant must cause direct harm to the client.

An attorney may consider the factors of a client's case before advising if there is cause to file a lawsuit for some form of malpractice. The attorney might conduct independent investigations to locate evidence that the accountant committed fraud.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Tell Us About Your Case

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

San Rafael Office
4040 Civic Center Drive
Suite 200
San Rafael, CA 94903

Phone: 415-460-7754
Fax: 415-295-4122
San Rafael Law Office Map

San Francisco Office
315 Montgomery Street
Ninth Floor
San Francisco, CA 94104

Phone: 415-460-7754
Map & Directions

Sacramento Office
333 University Avenue
Suite 200
Sacramento, CA 95825

Map & Directions

Building
San Francisco/San Rafael : 415-460-7754
Sacramento : 916-237-7820
Fax : 415-295-4122