Accounting Malpractice

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Alex frequently handles claims against accountants that arise due to their negligent advice or handling of a matter.  The following are examples of when a claim may arise when an accountant:  (1) Personal or business audit error; (2) Negligent advice with respect to tax planning; and (3) Embezzlement.

To successfully bring a claim against an accountant in Illinois, the plaintiff must establish:  (1) the accountant owed a duty to the plaintiff; (2) they breached that duty; (3) proximate cause; and (4) damages were sustained by the plaintiff due to the accountant.  Damages sought are typically consequential, lost profits, and disgorgement of fees.

If you have an accounting malpractice action that you would like to discuss with Alex, you may contact him at (312) 422-8000 or apasso@llflegal.com.