When a professional agrees to provide services to clients, he or she is responsible for delivering a standard of care that's expected of the profession. This means that if the professional engages in intentional misconduct, fraud, or deceit against you, you're entitled to be compensated for any resulting damages. Like other professionals, accountants are responsible for providing you with a skilled service. Many of the malpractice cases brought against accountants is due to negligent preparation of tax returns or financial statements. Negligence also results when an accountant is believed to have falsely misrepresented you or has failed to report information which resulted in damages to you or another party. An accountant can also be found negligent if he or she reports that a client's net worth is more than it actually is, resulting in damage to creditors who extended credit under these pretenses. In addition, negligence can result if an accountant fails to discover theft by an employee. If you'd like more specific information on accountant negligence, consulting an attorney in your area is a good idea.
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