Best Accounting & Auditing Lawyers in California

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Stradling
Los Angeles, United States

Founded in 1975
200 people in their team
English
For nearly 50 years, top companies and municipalities have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year.Stradling is a leading business law firm with 115 lawyers providing experienced counsel in critical transactions and disputes...
AL Othman Law Firm Co
Los Angeles, United States

Founded in 2016
81 people in their team
English
Al Othman Lawyers and Consultants is a leading company in the legal field in Saudi Arabia and the Middle East, founded in 2016 and headquartered in the Kingdom of Saudi Arabia. The company specializes in providing a wide range of legal services, including consulting, pleading and litigation,...
Santa Ana, United States

English
SARI LAW FIRM is a distinguished legal practice based in California, recognized for its comprehensive range of services tailored to both individuals and businesses. The firm’s expertise spans several key areas, including law firm operations, company registry, debt collecting, intellectual...
The Law Office of Giovanna Gallo
Chula Vista, United States

English
The Law Office of Giovanna Gallo is a trusted legal practice in California, dedicated to delivering comprehensive legal services with a focus on bankruptcy, business development, divorce, family law, immigration, and tax preparation. The firm combines a deep understanding of various practice areas...
China Legal Group

China Legal Group

30 minutes Free Consultation
Laguna Beach, United States

Founded in 2023
15 people in their team
Chinese
English
Spanish
Portuguese
Japanese
Korean
hina Legal Group 北京国桓律师事务所 - Legal Excellence Sponsoring Success -Chinese Financial and Capital Lawyer specializing in PE, VC, Capital Markets, Global IPO and Offering, M&A, Investments, Intellectual Property, etc;Worked on many high-profile deals such as Baidu.com, 58.com,...
Skadden, Arps, Slate, Meagher & Flom LLP
Los Angeles, United States

Founded in 1948
1,700 people in their team
English
The traits that fueled Skadden’s rise from a New York startup to a global powerhouse - collaborative, innovative, persistent - continue to define our firm culture. We remain intensely focused on the simple formula of developing an inclusive complement of extraordinary attorneys, working together...
Roxborough, Pomerance, Nye & Adreani, LLP
Woodland Hills, United States

Founded in 1996
50 people in their team
English
Just the facts-Founded in 1996, RPNA is a boutique law firm dedicated to providing businesses with a broad range of legal services. RPNA advises clients through out California with offices in Woodland Hills, Los Angeles, and Sacramento.Our attorneys are the authorities in business law-RPNA...
Santos Lloyd Law Firm, PC
Newport Beach, United States

English
Santos Lloyd Law Firm, PC is a full-service immigration law firm headquartered in Newport Beach, California, with additional offices in Beverly Hills, San Diego, Orlando, and Boston. The firm specializes in providing tailored immigration solutions for individuals and businesses worldwide, focusing...
El Segundo, United States

Founded in 2015
English
Stone & Sallus, LLP is a distinguished law firm based in Southern California, offering specialized legal services in business law, real estate law, estate planning, and elder law. The firm's attorneys possess extensive experience in handling complex legal matters, including business compliance,...
Rutan & Tucker lawyers
Irvine, United States

Founded in 1955
500 people in their team
English
Rutan & Tucker lawyers are experienced and highly regarded experts, delivering sophisticated and superior client service and value in a wide-range of practice areas, markets and industries. Our lawyers enjoy what they do and appreciate the opportunity to help our clients achieve their goals. We...
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About Accounting & Auditing Law in California, United States

Accounting and auditing law in California governs the standards, practices, and legal responsibilities of professionals who prepare, review, and examine financial statements. These laws ensure the accurate reporting of financial information for individuals, businesses, and public entities. In addition, California has specific licensing and regulatory requirements for Certified Public Accountants (CPAs) and other accounting professionals. Compliance is essential to maintain public trust, avoid legal repercussions, and support the overall financial health of organizations operating within the state.

Why You May Need a Lawyer

There are many circumstances where legal advice is essential in accounting and auditing matters. Common situations include:

  • Facing allegations of accounting fraud, embezzlement, or financial mismanagement
  • Navigating regulatory investigations by state or federal agencies
  • Responding to IRS or California Franchise Tax Board audits
  • Handling disputes involving financial statements or internal controls
  • Defending against professional misconduct or ethics violations
  • Assisting with compliance to state and federal accounting standards
  • Negotiating business sales, mergers, or acquisitions where financial due diligence is needed
  • Providing guidance on tax planning and controversies
  • Litigating shareholder or partner disputes involving accounting issues
  • Understanding the implications of new accounting laws or regulations

A lawyer experienced in accounting and auditing law can help you navigate these situations, mitigate potential liabilities, and represent your interests effectively.

Local Laws Overview

California has its own set of laws and regulations governing accounting and auditing practices, in addition to federal guidelines like the Generally Accepted Accounting Principles (GAAP). The California Board of Accountancy (CBA) is the primary regulatory authority overseeing the licensure and conduct of CPAs and public accounting firms. Key points to be aware of include:

  • Licensing requirements for accountants and auditing professionals
  • Ethics rules and continuing education obligations for CPAs
  • Strict enforcement of state and federal anti-fraud provisions
  • Consumer protection laws addressing misleading financial statements or advertising
  • Legal standards for financial disclosures by publicly traded and private companies in California
  • State tax audit procedures, appeals, and dispute resolution options
  • Potential civil and criminal penalties for violations of accounting and auditing rules

Complying with these local laws is crucial for professionals and businesses alike to avoid enforcement actions, financial penalties, or even loss of licensure.

Frequently Asked Questions

What entities regulate accounting and auditing in California?

The primary regulatory body is the California Board of Accountancy, which oversees the licensing and discipline of CPAs. The California Franchise Tax Board and the IRS also regulate tax-related matters, while the Securities and Exchange Commission may be involved for publicly traded companies.

Do I need to be a CPA to perform audits in California?

Yes, audits and other attestation engagements generally must be conducted by a licensed CPA or a CPA firm registered with the California Board of Accountancy.

What is the difference between an audit and a review?

An audit provides the highest level of assurance on financial statements and involves a detailed examination by CPAs. A review is less rigorous and offers limited assurance, primarily through inquiries and analytical procedures without the extensive testing of an audit.

What are common legal risks in accounting and auditing?

Common risks include misrepresentation of financial data, non-compliance with accounting standards, breach of client confidentiality, conflicts of interest, and exposure to civil or criminal liabilities.

Can I appeal a tax audit decision in California?

Yes, decisions from the California Franchise Tax Board or other state agencies can be appealed through established administrative appeal processes, and sometimes through the courts.

What happens if an accountant or auditor violates state law?

Violations can result in penalties, fines, suspension or revocation of licenses, civil lawsuits, or even criminal prosecution depending on the severity of the infraction.

What are some red flags that may trigger an audit?

Examples include significant discrepancies in reported income, large deductions relative to income, repeated late filings, and whistleblower or third-party complaints.

How are accounting and auditing ethics enforced?

California’s codes of professional conduct are enforced by the California Board of Accountancy, which investigates complaints and can impose disciplinary actions for violations.

Is continuing education required for CPAs in California?

Yes, CPAs must complete continuing education hours every renewal cycle to remain licensed and up to date with evolving laws and standards.

Can a business be held liable for an employee’s accounting misconduct?

Businesses can be held responsible for their employees’ actions if the misconduct occurred during the scope of employment, especially if the business failed to maintain proper oversight or controls.

Additional Resources

For those seeking further information or assistance, the following resources can be particularly helpful:

  • California Board of Accountancy - Licensing, regulations, and consumer information regarding CPAs
  • California Society of Certified Public Accountants - Professional development and advocacy
  • California Franchise Tax Board - State tax compliance and audit information
  • Internal Revenue Service (IRS) - Federal tax guidance and audit resources
  • U.S. Securities and Exchange Commission - Regulatory guidance for public company reporting
  • Local law libraries and self-help centers for access to legal texts and forms

Next Steps

If you have concerns or legal needs related to accounting or auditing in California, consider the following steps:

  • Document all relevant financial records, correspondence, and notices
  • Identify your specific legal issue or question
  • Consult a lawyer who is experienced in California accounting and auditing law
  • Ask about scope of services, experience, and fee structures before hiring
  • Take advantage of free consultations or resources offered by local or state bar associations
  • Stay informed about your rights and responsibilities under California’s laws and regulations

Getting proper legal advice early can prevent problems from escalating and help you make informed decisions about your situation.

Lawzana helps you find the best lawyers and law firms in California through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Accounting & Auditing, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in California, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.