Gaining a new balance in accountants' liability to nonclients for negligence: Recent developments and emerging trends
"The objectives of this Article are threefold. The first is to analyze state court decisions and statutes that have slowed or reversed the expansion of accountant liability to third parties for negligence. The second is to examine this trend in light of the different legal standards used by the states in deciding which third parties have a right to sue accountants for negligent misrepresentation (or are owed a duty by accountants). The third objective is to refine, enhance, and update the knowledge of attorneys, regulators, accountants, and educators about auditors' legal responsibilities to nonclients for negligence." (p.19)
Commercial Law League of America
Pacini, C., & Sinason, D. (1998). Gaining a new balance in accountants' liability to nonclients for negligence: Recent developments and emerging trends. Commercial Law Journal, 103(1), 15-66.
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