Table of Contents
Introduction
Accountants' Liability to the Client and Third-Party
A) Breach of Contract
B) Ordinary Negligence (Accountant Malpractice)
C) Fraud
a. Constructive Fraud (Gross Negligence)
b. Actual Fraud
Accountants' Liability under Common Law for Third-Party
A) The Near-Privity Doctrine
B) The Restatement Doctrine
C) The Foreseeability Doctrine
D) The Balancing-Factors Doctrine
Accountants' Liability under Statutory Law Third-Party
A) Securities Act of 1933
B) Securities Exchange Act of 1934
C) The Sarbanes Oxley Act
D) The RICO Act
Accountants' Deep Pockets
Conclusion
Works Cited
Introduction
This research paper analyzes the degree of an auditor's liability to clients and third parties under applicable law. Specifically, it focuses on accountants in their professional role engaged by contract to express an opinion about a company's financial statements and the professional commitment to exercise due care in providing......
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Approximate Word Count: 6845
Approximate Pages: 27 (260 words per double-spaced page) |