Description

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.

Instructor: Jason Cornell, Esq.

Target Audience

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

Course 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

Subjects

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