References in periodicals archive ?
In answering this question, the Florida Supreme Court found an accountant may be held liable for damages suffered by third parties not in privity that resulted from the accountant's negligence if the accountant knew those third parties would rely on the accountant's opinion. An accountant is not liable to third parties whom he or she merely should have known would rely on his opinion.
Perhaps these "free riders" should be precluded from suing accountants if they are unwilling to pay for an accountant's opinion.
Fifteen of the 17 audit reports were variously titled Auditor's Report, Report of Independent Accountants or Public Accountants, Report of Certified Public Accountants, Opinion of Independent Auditors, Accountant's Opinion, etc.