San Francisco County Accounting Malpractice

When you hire an accountant for your business or personal affairs, you have the right to expect him or her to follow the standards established by governing organizations and exercise due care in preparing your taxes and reports.

Unfortunately, accounting malpractice in San Francisco County and California does occur. It occurs when an accountant is negligent in his or her duties and when that negligence causes a negative outcome or financial loss for the accountant’s employer or client.

There are two types of accountant malpractice in San Francisco County:

  • Simple negligence – when an accountant inadvertently deviates from GAAP or GASS or makes an accounting error
  • Gross negligence – when an accountant intentionally deviates from GAAP or GAAS and manipulates accounts

San Francisco business attorneys, Dimitriou & Associates, counsel clients whose business or personal affairs have been damaged by accountant malpractice. Typical accounting malpractice clients include:

  • Company board members
  • Organization trustees
  • Shareholders
  • Estates
  • Bankruptcy trustees
  • Individuals with significant assets

San Francisco County accountant malpractice attorney

In order to show accountant malpractice in San Francisco County, you and your accounting malpractice attorney will need to demonstrate that the accountant:

  • Had clear responsibility to the client and failed in that responsibility
  • Deviated from Generally Accepted Accounting Principles (GAPP) or Standards (GAAS)
  • Negligently caused damage such as financial loss to the client
  • Negligently was the primary cause of the damage/ loss suffered by the client

Types of accounting malpractice in San Francisco County

Accountant malpractice and negligence can take many forms, but some of the more common ones include:

  • Tax errors that result in penalties
  • Improper advice on taxes
  • Tax fraud and tax evasion
  • Billing fraud
  • Deviations from GAAP that result in fines
  • Deviations from GAAS that result in inaccurate shareholder reports lawsuits /fines
  • Manipulating reports to impact stock value

Should you sue for San Francisco County accountant liability?

The accounting industry has successfully driven legislation over the years that serves to make prosecuting accountant malpractice cases extremely complex, time-consuming, and expensive. Our experienced San Francisco county accountant malpractice attorneys can provide a realistic assessment of the strength of your potential claim.

Experienced Accountant Malpractice Attorneys

To talk with a San Francisco County accounting malpractice lawyer, contact Dimitriou & Associates, P.C. today.