When ADR doesn't work for the CPA: Arbitration at a cost

Although arbitration is faster and less costly than a civil lawsuit, it sometimes comes at a high cost - discovery may be limited and you may not be able to defend your case. CPAs that want the choice of arbitration must include arbitration language in all engagement letters or they may end up in ar...

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Bibliographic Details
Published in:Journal of Accountancy 1998-09, Vol.186 (3), p.80
Main Author: Platau, Steven M
Format: Article
Language:English
Subjects:
Accounting firms
Alternative dispute resolution
Alternative minimum tax
Arbitration
Closely held corporations
CPAs
Discovery rule
Engagement letters
Litigation
State court decisions
Tax returns
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Summary:Although arbitration is faster and less costly than a civil lawsuit, it sometimes comes at a high cost - discovery may be limited and you may not be able to defend your case. CPAs that want the choice of arbitration must include arbitration language in all engagement letters or they may end up in arbitration and in a jury trial.
ISSN:0021-8448
1945-0729