Professional liability

Topics

August 1, 2021

Risk mitigation best practices

CPAs can limit liability risks by carefully drafting engagement letters, avoiding giving informal advice, fully vetting new clients, assessing the firm’s
competence to handle clients’ issues, and maintaining appropriate data security practices.

August 1, 2020

Professional responsibilities in the virtual age

As the COVID-19 pandemic forces firms to accelerate the adoption and overall use of virtual
communication tools, practitioners need to be aware that the foundational principles of ethics and best practices still apply when using these
technologies.

August 1, 2016

Form 2848: Ethical Issues for Tax Practitioners

This column discusses some of the rules regarding preparation of Form 2848 and addresses professional ethics issues that arise in dealing with the form.

April 1, 2016

Power of Attorney and Declaration of Representative

Many practitioners find that the IRS does not process their Form 2848 filings and returns them because the form was prepared or filed incorrectly.

December 1, 2007

Advisers Beware: The Cost of Being Sued Is Going Up

This article explores the circumstances surrounding the awarding of interest on unpaid tax liabilities in malpractice cases. It analyzes the prior case law, discusses the decisions in two recent cases, and considers the future treatment of interest in accounting malpractice suits.