What can accountants be held liable for?
Minneapolis attorney Tom Shroyer explains what accountants can be held liable for.
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A common failing for accountants, or at least one that they’re often charged with, is a failing to do a good job or an accurate job of reporting on the financial statements or financial condition of one of their clients: a very important part of what they do. Perhaps the largest number of claims, however, arise from sort of a garden-variety failure to prepare a proper tax return or to get a tax return filed on time.