Miami Accounting Malpractice Attorneys

Serving Individuals Wronged by Accounting Malpractice in South Florida

Has your accountant mismanaged your accounts, causing you undue stress and large financial loss, maybe even legal repercussions that are no fault of your own? Fortunately, there is a way to hold the negligent accountant responsible for the harm they have caused.

The distinguished attorneys at Grossman Roth Yaffa Cohen have served individuals negatively impacted by accounting malpractice since 1988. With more than a century of collective legal experience, the firm’s attorneys have demonstrated their commitment to fighting for the justice their clients deserve.

Call Grossman Roth Yaffa Cohen at (866) 629-1061 for a free consultation with a Miami accounting malpractice attorney.

Type of Accounting Malpractice

As a profession, accounting is broken up into two brackets: financial and managerial. The first is concerned with the preparation of financial performance statements. Businesses may or may not show investors and customers these statements in the future. On the other hand, managerial accounting is concerned with a business’s or person’s present finances for planning purposes. Managerial accountants analyze finances so that any and all financial decisions are as well-informed as possible.

Accountants are considered to have committed accounting malpractice when they make an error or deviate from the Generally Accepted Accounting Principles (GAAP) or Generally Accepted Auditing Standards (GAAS), negatively impacting you and your finances. There can be simple negligence, which covers errors that the average accountant would not reasonably make and unintentional deviations from GAAP or GAAS. Then, there is also gross negligence, which encompasses more significant and serious errors, such as intentional deviations from GAAP or GAAS or the misrepresentation of financial records to deceive another party.

To establish a genuine accounting malpractice claim, the plaintiff will need to prove their accountant owed a duty to them, neglected that duty and harmed them in the process.

The most common forms of accounting malpractice are as follows:

• Accounts Receivable errors
• Billing fraud
• Embezzlement
• GAAP or GAAS deviations with negative outcomes
• Improper tax returns
• Inadvisable estate planning
• License fraud
• Manipulation of financial reports
• Poor guidance in financial matters
• Poor tax advice
• Poorly maintained financial books

Statute of Limitations

The state of Florida allows victims of accounting malpractice two years to pursue legal action, so it is important to speak to an attorney as soon as possible. It is inadvisable to procrastinate or delay the pursuit of legal action because the deadline appears far away. Unfortunately, legal proceedings take time. Lawyers will need to gather evidence and spend time planning how to approach the case effectively. If given only a small window of time, the case could end up being weaker than it would have been otherwise.

How Grossman Roth Yaffa Cohen Can Help

Accounting malpractice can be expensive and disappointing, especially considering that most people who hire accountants do so with the expectation that a professional will save them from financial mistakes. This violation of trust compounded with financial trouble can have an immensely negative impact on a person or business.

Attorneys at Grossman Roth Yaffa Cohen have helped accounting malpractice victims for more than three decades. The firm’s attorneys have the legal experience to approach a case with great acumen and dexterity. As an attestation to their skill, they have been recognized by multiple prestigious organizations and publications, such as Best Lawyers®, Lawdragon 500, Martindale-Hubbell® and Super Lawyers®. They have also received the Florida Justice Association Compassionate Gladiator Award and the American Inns of Court Professionalism Award.

Contact Grossman Roth Yaffa Cohen online to discuss the complexities of your case with a Miami accounting malpractice lawyer. The firm represents clients throughout South Florida on a contingency fee basis.