Home »
Accounting Malpractice Lawyers in Media, PA
Law Offices in Delaware County, PA and Haddon Heights, NJ
Get a Case Review
Professionalism is the Word
I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes. Personally, I have used Paul Fellman and Walter Timby on those occasions. Both, as a team & separately these Attorneys were wonderful to work with and easily accessible to reach if I had any questions. Professionalism is the word that comes to mind to describe the firm, as a whole. Always completely prepared for any surprises that may pop up during a trial. They were well versed on all pertinent info pertaining to each case. As I client, I always felt I was an integral part of the team, not an after-thought, that had to be brought up to speed a half hour before the trial started. I could not recommend this firm and Mr. Fellman and Mr. Timby any higher.Very Satisfied
I hired Paul Fellman after speaking to several different lawyers from different law firms because he was the most sincere. Paul did an excellent job on my landlord tenant issue I had on my rental property. He was there for me from the beginning to the end of the whole ordeal. I was very satisfied and I highly recommend him and his firm.
Accounting Malpractice
Accounting malpractice is technical and complex. Because it can be complicated to search financial documentation to identify the error, it’s important to have an attorney who specializes in accounting malpractice cases. Accounting malpractice is often the result of an accountant not providing services that are up to one of two financial standards: GAAS or GAAP. Our Accounting Malpractice Attorneys bring a unique skill set to the table – two of our Attorneys are also CPAs. In addition, five hold advanced law degrees in Taxation, one is a former IRS Agent, and one is a former Adjunct Professor in the Graduate Tax Program of the Villanova Law School.
The numerous variations of accounting malpractice include but are not limited to:
-
The use of this form for communication does not establish an attorney-client relationship.
-
Giving you inaccurate tax guidance
-
Errors in accounts receivable
-
Making mistakes when auditing your financial statements, including not finding misappropriations
-
Improperly kept financial books
-
Giving you bad advice on accounting matters
-
License fraud
-
Incorrect guidance on estate planning
-
Outright fraud, which may relate to securities, tax investments, or CPA licensure
Winning a case against an accountant who has damaged you or your business is complicated. The challenge stems from the need to prove the following four connected facts:
-
The accountant had a duty of reasonable care in providing accounting services
-
There was a breach of this duty through either failure to provide services at the skill level considered standard for accounting practices, negligence, or misrepresentation
-
Your business was injured because of the breach of your accountant’s duty of care, negligence, or misrepresentation
-
Your business suffered a loss
-
The loss your business suffered was due to the negligence, misrepresentation, or breach of duty of care by your accountant
What to Do If You’ve Been the Victim of Accounting Malpractice
It’s important to get a claim started as soon as possible if you’ve suffered because of accounting malpractice. The statute of limitations on filing a claim is strict, and the clock starts as soon as you realize you’ve been harmed. Give your attorney as much time as possible to arrange for experts that will connect the injury of your business to the misrepresentation, negligence, or breach of duty of your accountant. Call us as soon as possible.
Do You Need Legal Help?
Related Blogs
Missed Deadline, Bad Advice, Lost Claim: When a Poor Result May Point to Legal Malpractice in Pennsylvania
When a client experiences a poor outcome in a legal matter in Delaware County or [...]
Early Spring Is When Legal Malpractice Claims Spike
Gibson & Perkins, PC has observed a notable trend: legal malpractice claims tend to increase [...]
The Mistake Pennsylvania Professionals Make That Leads
In Pennsylvania, many professionals unknowingly make mistakes that put them at risk for legal malpractice [...]
How to Recognize and Prevent Legal Malpractice in Estate
Estate planning is an essential process that ensures the proper distribution of a person’s assets [...]
Common Legal Malpractice Mistakes Lawyers Make at Year-End
As the calendar year winds down, lawyers often face increased pressure to close cases, meet [...]
What to Do if You Suspect Legal Malpractice
Legal malpractice occurs when an attorney does not provide services in accordance with the standard [...]
How to Avoid Legal Malpractice When Choosing Your Attorney
When you’re in need of legal representation, choosing the right attorney is one of the [...]
How to File a Legal Malpractice Claim in Pennsylvania Step
Filing a legal malpractice claim in Pennsylvania is not a decision anyone expects to make. [...]
Frequently Asked Questions About Accounting Malpractice Lawyers In Media Pa
What constitutes accounting malpractice in Pennsylvania and New Jersey?
Accounting malpractice occurs when an accountant fails to provide services with the level of skill and care expected of a reasonably competent professional, resulting in financial harm to a client. This can include negligent tax advice, failure to detect fraud, faulty audits, or misstated financial reports. To prove a case, you must show the accountant had a duty of care, breached that duty, and the breach directly caused your damages.
How is accounting malpractice different from a simple error?
A simple error is an honest mistake that does not violate the professional standard of care, such as a minor calculation error. Accounting malpractice, however, involves a serious deviation from professional standards (like GAAP or GAAS), negligence, or a deliberate misrepresentation that causes significant financial harm. The distinction often hinges on whether a reasonably competent accountant would have made the same mistake.
What are the common types of accounting malpractice claims?
Common claims include negligent tax preparation that leads to penalties, failure to detect or report fraudulent activity during an audit, providing inaccurate financial advice that results in client loss, improper business valuations for mergers or sales, and breach of fiduciary duty. Many cases involve a violation of professional standards like Generally Accepted Accounting Principles (GAAP) or Generally Accepted Auditing Standards (GAAS).
How can an attorney help me with an accounting malpractice lawsuit?
An attorney can help you by evaluating your claim, gathering critical financial documents, working with forensic accountants to prove negligence and damages, and representing you in court. Because of the technical nature of these cases, an attorney with a strong financial background can effectively demonstrate how the accountant’s breach of duty led to your financial losses and help you seek the compensation you deserve.
What is the statute of limitations for filing an accounting malpractice claim?
The statute of limitations is the legal deadline for filing a lawsuit. In Pennsylvania and New Jersey, these deadlines can be strict, typically ranging from two to six years depending on the specific legal theory of the case (e.g., negligence or contract). The clock usually starts when you discover or reasonably should have discovered the professional error. It is critical to contact an attorney as soon as you suspect malpractice to avoid missing the deadline.
Client Reviews
“I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes. Personally, I have used Paul Fellman and Walter Timby on those occasions. Both, as a team & separately these Attorneys were wonderful to work with and easily accessible to reach if I had any questions. Professionalism is the word that comes to mind to describe the firm, as a whole. Always completely prepared for any surprises that may pop up during a trial. They were well versed on all pertinent info pertaining to each case. As I client, I always felt I was an integral part of the team, not an after-thought, that had to be brought up to speed a half hour before the trial started. I could not recommend this firm and Mr. Fellman and Mr. Timby any higher.”
– Maria Twining
Read More Testimonials