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Table of Contents

Introduction

Accountants' Liability to the Client and Third-Party
A) Breach of Contract
B) Ordinary Negligence (Accountant Malpractice)
C) Fraud
a. Constructive Fraud (Gross Negligence)
b. Actual Fraud

Accountants' Liability under Common Law for Third-Party
A) The Near-Privity Doctrine
B) The Restatement Doctrine
C) The Foreseeability Doctrine
D) The Balancing-Factors Doctrine

Accountants' Liability under Statutory Law – Third-Party
A) Securities Act of 1933
B) Securities Exchange Act of 1934
C) The Sarbanes Oxley Act
D) The RICO Act

Accountants' Deep Pockets

Conclusion

Works Cited

Introduction
This research paper analyzes the degree of an auditor's liability to clients and third parties under applicable law. Specifically, it focuses on accountants in their professional role engaged by contract to express an opinion about a company's financial statements and the professional commitment to exercise due care in providing......

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Approximate Word Count: 6845
Approximate Pages: 28 (250 words per double-spaced page)

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