Accounting & Auditing Malpractice & Professional Standards Compliance

Accounting malpractice claims require the expertise of CPAs proficient in the application of professional standards and capable of independently assessing the at-issue CPA firm’s application of “seasoned judgment” and “professional skepticism” in compliance with generally accepted accounting principles (GAAP), generally accepted auditing standards (GAAS), and for audits of public companies, the PCAOB standards. We have made such evaluations on behalf of defendant CPA firms, investors, lenders, the SEC, and the PCAOB.

In such cases, we have addressed:

  • Revenue recognition and the adequacy of a CPA firm’s related auditing procedures.
  • Related party transactions and the adequacy of a CPA firm’s related auditing procedures.
  • Software accounting and the adequacy of a CPA firm’s related auditing procedures.
  • Business acquisition accounting under FASB No. 141 and 142, and the adequacy of a CPA firm’s related auditing procedures.
  • The adequacy of a CPA firm’s auditing of a computer disk drive manufacturer that shipped “bricks” to inflate sales.
  • The adequacy of a CPA firm’s auditing procedures that failed to identify a material multi-million dollar fraud.
  • The adequacy of a CPA firm’s auditing under PCAOB standards.

 

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