Accounting malpractice lawsuits commonly involve instances where an accountant commits an error, omits critical information, or deviates from normal accounting principles which contributes to legal trouble or a financial loss.
Accountants in Ohio have an obligation to uphold basic accounting standards and ethics, and to exercise professional care in preparing tax returns, reports and other crucial financial documents. Clients have the right to expect fair and honest accounting, and to get reasonable and lawful advice regarding Ohio tax laws.
Should your accountant misrepresent your company or financial statements, you may have a malpractice claim. An Ohio Accounting malpractice lawyer can assist in investigating a fraud or negligence claim, and may be able to recover significant losses that result from accounting errors.
Joe Lyon is an experienced Cincinnati fraud attorney and Ohio accounting malpractice lawyer reviewing financial negligence cases for individual plaintiffs and businesses nationwide.
Examples of accountant errors and Ohio accounting negligence that can result in a lawsuit include:
There are two kinds of accounting malpractice: simple negligence and gross negligence. Certified accounting professionals are required to maintain a financial skepticism, and evaluate risks that may contribute to financial fraud. Management assumes that accountants will conduct careful audits concerning financial statements prepared for individuals and companies who use this information to make financial decisions.
The following are examples of risk factors accounting professionals can reasonably be held legally responsible for by plaintiffs and an Ohio accounting malpractice lawyer:
Public Interest: CPA professionals must accept the obligation to act in a way that will serve the public interest, honor the public trust, and demonstrate commitment to professionalism.
Due Care: CPA accountants must comply with Ohio state law and ethical standards, maintain competence and strive to improve the quality of services.
Objectivity: Accountants must avoid rendering professional services where conflicts of interest exist. They should remain independent when providing auditing or other financial services.
ABOUT THE LYON FIRM
Joseph Lyon has 17 years of experience representing individuals in complex litigation matters. He has represented individuals in every state against many of the largest companies in the world.
The Firm focuses on single-event civil cases and class actions involving corporate neglect & fraud, toxic exposure, product defects & recalls, medical malpractice, and invasion of privacy.
NO COST UNLESS WE WIN
The Firm offers contingency fees, advancing all costs of the litigation, and accepting the full financial risk, allowing our clients full access to the legal system while reducing the financial stress while they focus on their healthcare and financial needs.
Business owners should protect themselves and should wait too long to discuss accounting disputes with an attorney. It may be natural for some individuals to only confront litigation until a suit is filed. But it benefits business owners to build a case as soon as possible.
Our attorneys represent plaintiffs in a wide range of business law, including the following practice areas:
Accounting or financial fraud occurs through the omission, deception or misrepresentation of a contract, prospect, investment, project or other business entity. Accounting fraud litigation can result in monetary damages and irreparable damage to the reputation of a company or brand. Victims of fraud should consult an experienced business law professional. Fraud disputes involve various areas of law and may involve:
Mercantile law is more commonly known as trade law or commercial law—and it describes the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.
Commercial law focuses on the sale and distribution of goods, whereas business law focuses on the other aspects of business, including mergers and acquisitions, shareholder rights, employment disputes and property issues. Business law is regulated by both Ohio law and federal law. The federal government primarily governs finance, workplace safety and employment issues, though state laws can differ slightly.
Non-compete disputes involve contracts in which former employees agree not to compete with an employer for a specified period of time. Most non-compete lawsuits involve former employees soliciting business from the employer’s customers and not disclosing confidential information.
Properly drafted non-compete contracts are critical for enforceability and adequate protection. Even if litigation cannot be avoided, non-compete agreements in place will help make litigation and settlements easier for all parties.
Two common types of breach lawsuits include:
A contract, or any legally binding agreement, presupposes that both parties must fulfill the terms of the contract. If a contract breach occurs, the affected party can seek legal action and compensation for any actual past, current or future losses.
Commercial attorneys negotiate contracts and commercial agreements, and file lawsuits when the following contracts are broken:
Breach of fiduciary duty generally involves allegations that an individual or company breaches a duty to others. A fiduciary duty requires a level of loyalty and there are both legal and ethical implications. A breach of fiduciary duty commonly includes claims of fraud and breach of contracts.
Breach of Duty claims should be addressed as soon as possible with the help of business litigation attorneys experienced in commercial law.
The Lyon Firm has the experience, resources and dedication to take on difficult accounting malpractice cases and help our clients obtain financial restitution and justice.
Experience: Joe Lyon is an experienced Business Litigation Lawyer. The Lyon Firm has 17 years of experience and success representing individuals and plaintiffs in all fifty states, and in a variety of complex civil litigation matters. Business lawsuits can be complex and require industry experts to determine the alleged error.