THE ROLE AND RESPONSIBILITY OF ACCOUNTANTS IN TODAY'S SOCIETY
- Liability--the statutory cap. Whalley, Perry // Chartered Accountants Journal;Oct97, Vol. 76 Issue 9, p57
Investigates the concern for professional liability litigation in the accounting profession of New Zealand. Legislation to limit liability for professional negligence; Types of limited liability schemes; Benefits of limited liability; Proposed accountants' scheme.
- What liability crisis? Paskell-Mede, Mindy // CA Magazine;May94, Vol. 127 Issue 4, p42
Compares the Canadian and American legal system that deals with liability suits against their respective erring accountants. Different legal contexts for litigation; American regulators' persistence in suing accountants; Liability crisis.
- Managing a tax practice to avoid malpractice claims. Yancey, William F. // CPA Journal;Feb96, Vol. 66 Issue 2, p12
Focuses on malpractice claims against public accounting firms arising from tax engagements. Malpractice insurance claim studies; Judicial decisions in tax malpractice cases; Prevention.
- Accounting profession under fire. O'Malley, Shaun F. // Corporate Board;Nov/Dec92, Vol. 13 Issue 77, p1
Examines the tort liability system for the accounting profession in the United States. Basic precepts of the risk-transfer theory of litigation; Characteristics of the system which makes it easy, low-risk and financial rewarding to file claims against auditors; Meritless suits as legalized...
- Taming the beast of liability. Hanson, Randall K.; Baker, Jack D. // National Public Accountant;Aug96, Vol. 41 Issue 8, p17
Discusses legal developments benefitting the accounting profession. Narrowing of accountant liability to third-party users of audit reports; Narrowing the scope of lawsuits that can be brought against accountants and firms under the Racketeer Influenced and Corrupt Organizations; Narrowing of...
- The importance of engagement letters. Williams, Scott // National Public Accountant;Jun97, Vol. 42 Issue 4, p31
Presents a malpractice suit that stresses the importance of engagement letters between the client and the accountant. Embezzlement charges against the in-house bookkeeper; Consequences of the lack of engagement letters; Time and money involved; Arguments in avoidance of the claim.
- `Apparent authority'. // National Public Accountant;Dec97, Vol. 42 Issue 10, p6
Discusses the professional liability concerning `apparent authority' or the misimpression by the third party, who is usually a client of the accounting firm, as to the authority prescribed by the firm to the accountant performing the services. Sampling of claims arising from the circumstances...
- Risky business: Professional liability exposure on the rise. Nelson, Mark // Outlook;Fall90, Vol. 58 Issue 3, p36
Focuses on the increasing incidence of professional liability cases against accountants in the United States. Review of lawsuits involving professional liability; Findings of a survey on malpractice cases involving accounting firms; Discussion of third party liability pertaining to public...
- In the public interest. Henderson, Perry M. // Outlook;Summer94, Vol. 62 Issue 2, p39
Enumerates the procedures to follow when confronted with evidence of substandard practice of a certified public accountant.
- The percentage of malpractice claims by client type. P.D. // Practical Accountant;Jan96, Vol. 29 Issue 1, p12
Presents a pie chart depicting the percentage of accounting malpractice claims by client type.