Litigation

At least one rule enshrined by President Biden's administration appears safe under President Trump's team. Here's how a 2019 law changed taxpayer disputes.

Lawsuits before the Supreme Court and in lower federal courts across the country could further reduce enforcement powers at the IRS and the SEC this year.

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

A CPA firm, like any business, is subject to legal risks for the simple fact that it is a business that employs people, maintains vendor relationships, and owns or leases real estate, among other things.

Beverley Schottenstein accused the bank and the brokers of unauthorized trading of “multiple auto-callable structured notes and various other securities,” among other alleged misconduct.

Most accountants who help clients with the choice of entity focus on the tax aspects. But in order to help clients make fully informed decisions, “personal” asset protection should be considered.

Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5 million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings.

Failure to disclose a lack of independence or a conflict of interest can open the door for potential liability and litigation for both the accounting firm and its clients.

The Statement on Standards for Forensic Services No. 1 provides guidance for members providing litigation and investigative services.

The proposal includes prohibitions on providing legal opinions and performing certain services for a contingent fee.