Accountant's Liability
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Accountant's Liability

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			The third paragraph states the accountant's responsibility to conduct the compilation in accordance with SSARSs issued by the AICPA and the objective of the compilation. Changes on tap for compilation and review standards by McNerney, Carolyn H.; Landes, Charles E.; Glynn, Michael P. / Journal of Accountancy Although it reinforces the accountant's responsibility, it does not add any new accountability for planning and supervising the service provider's work beyond what is called for by applicable professional standards based on the type of engagement. Three ethics rulings guide third-party outsourcing by Knauf, Edward J. / The National Public Accountant Rule 301 under the AICPA Code clearly states a professional accountant's responsibility to hold client information confidential. Ethics of Enron "whistle-blower" questioned. (Ethics) by Verschoor, Curtis C. / Strategic Finance			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 Accountant's Responsibility 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 Accounting Insolvency Accounting Liquidity			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 accounted accounted accounted accounted for accounted for accounted for accounted for accounted for accounting

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Accountant's Liability (redirected from Accountant's Responsibility)

Accountant's Liability
(redirected from Accountant's Responsibility)