Accounting

accounting

About

The diverse practice of accountancy brings corresponding challenges, from attacks on accountants’ professional judgment to the same types of legal issues that face every company. The advantage we have that benefits our accounting clients is that our firm has a number of attorneys who are trained CPAs and hold advanced accounting degrees. In addition, our attorneys have decades of experience defending accountants and their firms from a variety of claims arising from tax, attestation and advisory services. This training and experience allows us to quickly understand your business and your needs.

Successes

Sandberg Phoenix successfully represented an accounting firm which conducted a review of a large privately held company. The officers and directors of the company misappropriated millions of dollars and were criminally charged. A collection of financial institutions which loaned in excess of $5 million to the company, filed suit against the accountants. The case was pending in federal court and settled on the eve of the hearing on the accounting firm’s motion for summary judgment. Sandberg Phoenix argued the financial institutions did not have standing to file a suit against the accountants because they were not members of a class permitted to rely on the reviewed financial statements.

Sandberg Phoenix successfully defended a national accounting firm at the trial court level and judgment was upheld by the Missouri Court of Appeals. The case concerned failure to detect theft by an employee. The accounting firm performed a review of a nonprofit entity’s financial statements. We educated the trial court on applicable standards and convinced the court that reviews are not designed to uncover theft.

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. © 2016 Sandberg Phoenix & von Gontard P.C. All Rights Reserved. Sandberg Phoenix & Von Gontard P.C.is a law firm with a primary office located in Downtown St. Louis, Missouri. Website Hosted by St. Louis Web Hosting

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