Course Details

How To Avoid Professional Liability Claims Against CPA Firms

Webinar: ID# 1035832
Recorded CD or On-Demand
About This Course:
This material will provide you background and best practices for avoiding professional liability related to the preparation of tax returns.

The topics include a summary of situations that create potential malpractice liability, discussion of different standards applicable to CPAs preparing tax returns, and exposure to penalties and potential liabilities other than malpractice.What You'll Learn:Overview of Professional Liability Claims
Professional Standards
  • Circular 230
  • AICPA Standards
IRS Penalties
  • Monetary Penalties
  • Section 6694
  • Section 6695
  • Section 6700
  • Section 6701
  • Section 6713
  • Criminal Penalties
  • Section 7206
  • Section 7207
  • Section 7216
  • Injunctions
  • Section 7407
  • Section 7408
Best Practices
  • Documenting Information Received From Client/Reliance on Others
  • Documenting Tax Research
  • Documenting Tax Return Positions
  • Internal Review Procedures
  • Correcting Mistakes
How To Avoid Professional Liability Claims Against CPA Firms
Available on CD or On-Demand formats
Course Details
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