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Article: Watching where you step. (malpractice lawsuits against accounting firms)(includes related article on suggestions for preventing problems in accounting)
- Article from:
- The Practical Accountant
- Article date:
- April 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Slip-ups can escalate into malpractice lawsuits. Using a little foresight can avoid them.
"Becoming involved in a lawsuit is like being ground to bits in a slow mill; it's being roasted at a slow fire; it's being stung to death by a single bee; it's being drowned by drops; it's going mad by grains." Those were the 1853 written words of Charles Dickens. Almost one hundred and fifty years later, the experience remains unchanged.
Most practitioners already know about the possible consequences of ending up in court by missing tax deadlines (including filing extensions), inserting incorrect numbers on tax returns and overlooking important items in audits. In fact, ...