For an accountant, the CPA license is a very difficult license to earn. The CPA license gives you the ability to practice accounting and earn a living. However you may face license suspension or in some cases revocation if you are accused of violating standard accounting practices, if you are charged with a criminal offense or a formal complaint has been filed that charges you with an ethics violation or professional malpractice. The Rosenblum Law Firm attorneys understand the difficulties surrounding criminal and professional complaints in relation to your accounting license and will help you protect your license and defend your rights.
In New Jersey, the State Board of Accountancy promotes the public confidence in accounting practices with regards to any financial or accounting institution. The State Board is charged with ensuring that individuals preparing financial statements or any other financial reports in strict adherence to professional accounting practices. The New Jersey State Board of Accountancy also regulates professional conduct of licensed professionals within the field. Some of the most common issues that the State Board of Accountancy will investigate include the following:
- Gross negligence, acts of fraud and dishonesty while performing accounting services
- Violating the rules of professional conduct for Accountants
- Obtaining fees under fraudulent practices
- Conviction of a felony
- Conviction of a disorderly persons offense the involves fraud or dishonesty
- Professional conduct and ethical behavior that indicates an inability to practice as a Certified Public Accountant.
CPAs may lose their license if convicted of a crime that is punishable by a minimum of one year in prison. The bylaws of the AICPA state that a CPA may also be expelled or suspended without even a hearing if convicted of a crime. That is why it is important if you are being charged with a crime and hold a professional license to hire an experienced criminal defense attorney because you license may hang in the balance. As a CPA both your professional and private life with regards to conduct can be monitored and put your license at risk.
A CPA can also lose their license if they fail to file a tax return or filing a fraudulent tax return. CPAs are not allowed to file fraudulent tax returns on behalf of a client and are required to uphold all U.S. tax codes when working. A special ethics committee is responsible for disciplinary action when dealing with CPA’s and the CPA professional code of conduct.
Should I Hire An Attorney?
Depending on the facts of your case the New Jersey State Board of Accountancy can admonish you, impose fines, suspend your license and even revoke your right to practice. Your professional license is a serious matter that allows you to earn a living. An extraordinary amount of time and money has gone into acquiring your license and establishing a solid reputation in accounting. Unfortunately one accusation or mistake from a disgruntled client can land you in hot water.
If you or a loved one is being accused of a crime or some other professional misconduct, call The Rosenblum Law Firm today for a free consultation on your matter. Our attorneys are prepared to provide you a strong defense and help you keep your license.