Accountants’ Liability

BDO Consulting’s accountants’ liability professionals help counsel evaluate audit and accounting professional liability claims against accounting firms and accountants. Our professionals offer testimony before federal and state courts, the U.S. Securities and Exchange Commission (SEC) and other regulatory bodies.

We have assisted counsel for major accounting firms with some of the largest accounting liability matters involving highly complex transactions and alleged damages in the hundreds of millions of dollars. We provide clients with immediate access to experienced certified public accountants, certified fraud examiners, forensic accountants, computer forensics and e-discovery specialists, and licensed private investigators.

We assist clients in developing effective responses to allegations relating to:

Violations of professional standards, including generally accepted auditing standards and Public Company Accounting Oversight Board standards
Failure to detect fraudulent financial reporting or misappropriation of assets
Lack of independence or other ethics matters

Accountants’ Liability Claims

Our professionals have experience providing technical advice on a wide variety of audit and accounting issues, having provided professional assistance to counsel on numerous lawsuits, investigations, claims, and regulatory and professional proceedings involving alleged violations of professional standards. We also help counsel to evaluate damages and loss causation in accountants’ liability matters.

We have broad experience working with Big Four accounting firms as well as with national, regional and local accounting firms. We work closely with counsel throughout the litigation process and provide valuable advice on relevant audit, accounting and financial reporting standards, as well as on strategic issues relevant to the assignment. A key part of our focus is gaining an understanding of the application and interpretation of professional standards at the time of the alleged violations.

BDO Consulting is supported by a national infrastructure of experienced audit and accounting professionals who have hands-on practical experience, enabling appropriate and timely responses to requests for industry experience or technical knowledge. Our professionals include former executives of the American Institute of Certified Public Accountants (AICPA) as well as professionals who have served on a variety of standards-setting bodies and self-regulatory organizations, including the: