Litigation Risk
Auditor liability and malpractice, stemming from allegations of failure to appropriately respond to clients’ risk of material misstatements due to fraud, is an area ripe for litigation, specifically when fraud and material misstatements are subsequently revealed to have affected the financial statements. Although a “clean” audit report is not an absolute guarantee of accuracy, auditors…
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POSTED BY
Barry Jay Epstein, Ph.D., CPA
Lessons from Civil Litigation
Civil litigation involving asset misappropriation, fraudulent disbursements and other complex accounting matters benefit from the engagement of a forensic accountant and/or a fraud examiner. Just as attorneys would not attempt to decipher complex engineering or scientific intricacies at issue in a matter being contested, so too should they – many of whom have studied business,…
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