Accountants Professional Liability

Furman Kornfeld & Brennan LLP has substantial experience counseling and defending accounting professionals in connection with a variety of claims, including those arising from tax preparation and advice, business consulting, financial reporting, auditing deficiencies, and the failure to detect embezzlement and defalcation. Accounting claims are inherently technical, and each claim presents a unique set of facts and issues. The lawyers at FKB have the technical expertise to effectively counsel accountant clients; we stay current in changes in GAAP, GAAS, and relevant tax laws which affect our clients’ practices.

The lawyers are FKB are problem-solvers and litigators. From claim inception, we work closely with our clients and their professional liability insurers to formulate a defense strategy, with a focus on preserving the accounting professional’s reputation while resolving claims early-on in a cost-efficient manner. We have successfully resolved claims through confidential settlement, including mediation, pre-discovery motion practice, targeted discovery and summary judgment, and trial. We are zealous advocates, and litigate in the state and federal court, both at the trial court and appellate levels.

FKB also counsels its accountant clients on risk management practices and loss prevention strategies.