My name is Arlene, and two years ago, I was involved in a car accident that wasn't my fault. I had some injuries that required a hospital stay, and I was unable to return to work for several weeks. I didn't know how I was going to pay my bills, and it was very stressful for me. My friend told me that I needed to hire an accident and personal injury attorney so I could recover my lost wages and medical costs. I was so glad that I hired the attorney, and my stress level immediately went down. Through the attorney, I was able to get a settlement, and I was no longer in financial trouble. I am writing this blog to let everyone know the importance of hiring an attorney after an accident. It's my wish that this blog will help others who are in similar situations.
As your business grows, you may need to hire an accountant to make sure that your business is in compliance with various state and federal laws. However, if your accountant failed to abide by the professional standards that they are expected to follow, you may be able to hold the accountant civilly liable.
Accounting Standards and Regulations
Accountants track very important financial data and the actions of an accountant can cost a company a lot of money. As a result, professional accountants are held to very high standards. It's important to learn about the state standards that accountants are expected to follow so you can determine if you have a case.
How to Find Negligence
You must determine exactly how the accountant breached their ethical obligations and how this lead to you suffering damages as a result. For example, if the accountant failed to effectively keep your financial books and did not report revenue to the IRS, you may then discover that you are being investigated by the IRS. You could then tie any fines you are forced to pay directly to the failure of the professional accountant.
You Might Be the Victim of Fraud
An accountant is put in charge of your funds and must not use them for their own personal gain or to engage in embezzlement. The accountant cannot give you advice that would actually hurt you specifically so they can engage in market manipulation. You are allowed to file a criminal complaint and also sue the accountant in order to hold them accountable.
How to Know if You Have a Case
Professional negligence attorneys specialize in handling cases that involve the negligence of professions that are regulated, such as accounting. During a brief conversation with your lawyer, you will be able to determine if you should move forward with legal action.
Building Your Case
Your attorney will carry out an investigation into the attorney and will study all relevant financial documents. They will search for other forms of fraud such as the fact that the accountant hid funds in a foreign bank account. Evidence is crucial because the burden of proof will rest on you.
How to Receive Compensation for Your Company
For accountant malpractice, the remedy would be for the accountant to pay monetary damages. By pursuing damages, not only will you be able to receive compensation but you will also be able to deter the accountant from engaging in these actions in the future.
For more information, contact a local professional negligence lawyer.