Back to Basics for Accountants in the Age of COVID-19: Don’t Forget the Retainer Agreement

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Back to Basics for Accountants in the Age of COVID-19: Don’t Forget the Retainer Agreement
With the world adjusting to the impact of COVID-19, many accountants have already found themselves, or will soon find themselves, hearing from current or past clients who want advice about the impact of COVID-19. Issues related to the CARES Act, the Paycheck Protection Program, or general accounting and tax advice arising out of economic pressures...
One Step Forward, Two Steps Back—Supreme Court Issues Remand Order in Case Addressing Standards for Accountant-Malpractice Claims
Late last year, the Court of Appeals issued a published decision in Broz v Plante & Moran, PLLC, which provided some much-needed clarity regarding the applicable standards for accountant-malpractice claims. (See our post about Broz here.)  But that clarity was short-lived, as the Supreme Court recently issued an order vacating part of the decision. At...
Court of Appeals Holds Accountant-Malpractice Plaintiffs to Same Burden as Other Malpractice Plaintiffs
Accountants, like other licensed professionals, can be sued for malpractice. But cases involving accounting malpractice are few and far between. Until recently, there’s been scarce guidance from Michigan appellate courts about the applicable standards for accountant-malpractice claims. The Court of Appeals recently issued a published decision in which it provided some much-needed guidance regarding accountant-malpractice...
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