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When Accountants are Held Accountable

By Neil Shous, Esq.

The most recent highly publicized case of accountant misconduct involves David Friehling, Bernie Madoff?s longtime accountant who faces 105 years in prison for his alleged fraud charges. And while most accountant misconduct doesn?t rise to this criminal level?or to this level of notoriety?it is, nonetheless, a frequent occurrence. Criminal conduct subjects California accountants to professional discipline. That is, criminal conduct that is ?substantially related to the qualifications, duties or function of accounting? subjects these professionals to discipline. The problem is that California?s definition of ?substantially related? is quite broad. It, not surprisingly, includes criminal offenses such as forgery, fraud and theft (which are all directly involved with the duties and functions of an accountant)...continue to full post

Full post as published by California Criminal Defense Blog on September 02, 2010 (boomark / email).