Accountants and Malpractice: Can We Get Sued for This?

Author: Allison McLeod

This on-demand course will review situations in which a CPA or accounting professional may have be in danger of being sued. We will cover common law causes of action, such as negligence, and the relevant standards and case law defining what constitutes reasonable practitioner behavior.

Publication Date: November 2019

Topics Covered

• How Lawsuits Are Born
• Common Law Duties
• Negligence Based Torts
• Intentional Torts
• Contract Claims
• Statute of Limitations
• Damages

Learning Objectives

• Describe the elements of negligence, the common law cause of action
• Recognize what constitutes reasonable practitioner behavior with reference to practice standards and common law
• Identify how to avoid common pitfalls that could lead to the practitioner being sued
• Describe reasonable behavior of the CPA
• Recognize two elements of Proximate Cause that must be met before the causation criteria is met
• Identify what would support a finding of constructive fraud on the part of the CPA
• Describe correct statements in relation to potential duty owned through privity

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
None

Advance Preparation
None