Accountants and Malpractice: Can We Get Sued for This?
Author: Allison McLeod
| CPE Credit: |
2 hours for CPAs |
This course will cover common law causes of action, such as negligence, and the relevant standards and case law defining what constitutes reasonable practitioner behavior. Situations where accounting professionals may be at risk for being sued will also be discussed.
Publication Date: November 2023
Designed For
CPAs, EAs, tax preparers, lawyers, accountants and insurance personnel.
Topics Covered
- How Lawsuits are Born
- Common Law Duties
- Contract Claims
- Statute of Limitations
- Damages
- Summary of General CPA Practice Standards
Learning Objectives
- Identify the elements of negligence, the common law cause of action
- Explain what constitutes reasonable practitioner behavior with reference to practice standards and common law
- Recognize how to ascertain how to avoid common pitfalls that could lead to the practitioner being sued
- Identify the referenced case that found that the cause of action accrues as soon as the injured party discovers, or should have discovered, the loss or damage suffered
- Identify a requirement needed in order to prove a breach of contract has occurred
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Regulatory Ethics (2 hours)
Program Prerequisites
None
Advance Preparation
None
