Tag archive: accounting

Don’t Let a Subpoena Take You by Surprise

Summary: This article will discuss how a professional, especially an accountant, should respond when receiving a subpoena to produce documents and/or appear for a deposition. Many professionals, especially those in the accounting field, have received a subpoena to produce documents and/or appear for a deposition in a lawsuit. It is critical the professional takes steps…

Auditing Statements: The Critical Distinction Between Fact and Opinion

Often times, there is a very fine and sometimes even blurred line between fact and opinion. As the Second Circuit recently indicated in the case of In re Puda Coal Securities Inc., an accountant’s potential liability for its audit statements can largely come down to the fact that such statements … are nothing more than…

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