Lessons Learned From Recent Accounting Malpractice Actions

Overview

You could pay $0 for this course!

Recent economic volatility has created added stress on accounting and finance professionals and their clients. When individuals or businesses lose money, they often blame others for their misfortune. Business disputes can sometimes lead to accounting malpractice claims. Understanding the most common types of accounting malpractice claims provides a roadmap of what not to do. This course provides a current overview of accounting malpractice litigation throughout the United States. The goal is to learn about the types of claims asserted against CPA firms and strategies to employ to avoid such claims. Reviewing malpractice claims allows us to identify patterns of behavior that may reduce litigation risk.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13046. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Common instances of accounting malpractice Current claim trends Frequent defenses to claims Statute of limitations Damages Claims by practice area

Prerequisites

General familiarity with accounting and business principles

Designed For

Accounting or financial service professionals who seek to gain a better understanding of current accounting malpractice claims and steps to avoid claims in the future

Objectives

Identify high risk activities to avoid Recognize common defenses to malpractice claims Be well versed in standards of professional conduct Understand the litigation process for malpractice claims