Accountant's Liability

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The legal responsibility an accountant has for fraud or gross negligence. That is, the accountant's liability is the potential exposure he/she has to a lawsuit. In general, an accountant who does not conform (whether deliberately or accidentally) to the Generally Accepted Accounting Principles or the Generally Accepted Auditing Standards is more likely to face legal action. See also: Accountants Liability Insurance.

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Accountants Liability Insurance			In that case, the state high court held that an accountant's liability for general negligence in conducting an audit of its client's financial statements is confined to the client. Can investors seek accountability for accountants? by Scarlett, Thomas / Trial Alternatively, in states that have eliminated joint liability for economic damages if the accountant's fault is below a minimum level, the accountant's liability is uncertain. Accountant liability from a state law perspective by Stara, Nancy; Engler, Timothy / The National Public Accountant THE 12 COMMANDMENTS OF CPA LIABILITY LOSS PREVENTION This list is adapted from the Accountant's Liability Newsletter, Second Quarter 1994 ([C] 1994, Aon Insurance Services, Trevose, Pennsylvania. RICO: the threat is lifted by Jacobson, Andrea B. / Journal of Accountancy			Account Activity Account Ad Valorem Duty Account Aggregation Account Analysis Account Balance Account Conflict Account Current Account Executive Account Fee Account Form Account Holder Account in Trust Account Inquiry Account Number Account Party Account Payee Only Account Reconcilement Account Reconciliation Account Representative Account Statement Account-Only Check Accountability Accountable Plan Accountant Accountant in Charge Accountant's Liability Accountant's Magazine, The Accountant's Opinion Accountants for the Public Interest Accountants International Study Group Accountants Liability Insurance Accountants' Index Accounting Accounting Basis Accounting Change Accounting Control Accounting Convention Accounting Currency Accounting Cycle Accounting Department Accounting Earnings Accounting Entity Accounting Equation Accounting Error Accounting Event Accounting Exposure Accounting Firm Accounting Fraud Accounting Hall of Fame Accounting Historians Journal Accounting Information System			ACCOUNTANCY CONSULTANTS of New Jersey Accountancy Executive Appointments Accountancy expert Accountancy expert Accountancy expert Accountancy experts Accountancy experts Accountancy experts Accountancy Investigation and Discipline Board Accountancy Occupational Standards Group Accountancy Practitioner Accountancy Practitioner Accountancy Practitioner Accountancy Practitioners Accountancy Practitioners Accountancy Practitioners Accountancy qualifications and regulation Accountancy qualifications and regulation Accountancy qualifications and regulation accountancy trail accountant accountant accountant accountant Accountant General Accountant General Pakistan Revenue Accountant in Bankruptcy Accountant in Charge Accountant of the Superior Court of Justice Accountant's Index Accountant's Liability Accountant's Magazine Accountant's Magazine, The Accountant's opinion Accountant's opinion Accountant's opinion Accountant's opinion Accountant's opinion Accountant's Opinions Accountant's Responsibility Accountants Accountants Accountants Accountants Assisting Commercial Dispute Resolution Accountants Computer Users Technical Exchange Accountants for the Public Interest Accountants Global Network Accountants Group in Germany Accountants in Charge Accountants Index Accountants International Study Group Accountants Liability Insurance Accountants Professional Liability Accountants Professional Liability Insurance Accountants' Index accountantship Accountantskantoor Mooibroek Accountatn general accounted accounted accounted

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