Malpractice

A&A

MF Global Files $1 Billion Lawsuit Against PwC for Malpractice

MF Global Holdings claims PwC's “erroneous accounting advice” resulted in its failed investment in billions of dollars of European sovereign debt instruments and contributed to the brokerage firm filing for bankruptcy in 2011.
Practice

Loss Prevention for Accountants: Avoiding Malpractice, Litigation while Keeping Your Clients Happy

The accounting profession first became a lucrative target for plaintiffs' lawyers after the savings and loan industry collapsed in the mid-1980s, and little has changed since then.