Are lawsuits against CPA’s poised to spike?
New Year’s Resolution: review client relationship practices
After a year of record-setting investor losses, a leading securities attorney warned that accounting firms will face a rising tide of enforcement actions and litigation in 2010, and should take steps to ensure their client relationship practices reflect recent court decisions.
In a guest speech at the New York State Society of CPAs 2009 Investment Companies Conference, leading civil litigation and enforcement defense attorney Richard A. Roth of the New York-based Roth Law Firm PLLC, told 350 assembled CPAs that shareholders are now engaging in a high-stakes version of “Pin the Tail on the Donkey.”
