Gaining a new balance in accountants' liability to nonclients for negligence: recent developments and emerging trends
Article Abstract:
The accounting profession has developed an engagement risk approach that decreases accountants' liability to nonclients. The approach contains the elements of client business risk, audit risk and auditor business risk. The legal standards of privity, near privity, Restatement and reasonable foreseeability have arisen to determine which nonclients accountants owe duties.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 1998
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The international legal environment for information systems reliability assurance services: the CPA/CA SysTrust
Article Abstract:
The authors discuss the information systems assurance service called SysTrusts, developed by the American Institute of Certified Public Accountants and the Canadian Institute of Chartered Accountants, and the risks accountants face in regards to system failures in the US, Canada, UK, Australia, and New Zealand.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 2000
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Potential conflicts between investor rights and environmental regulation under NAFTA's Chapter 11
Article Abstract:
The author outlines a number of arbitration cases conducted under the North American Free Trade Agreement which pitted Chapter 11 investor protection provisions against national environmental regulations and customary international law.
Publication Name: The George Washington International Law Review
Subject: Law
ISSN: 1534-9977
Year: 2001
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- Abstracts: IBM's recent threat to replace Lotus' board demonstrates the vulnerability of clients to voting contests when they are defending against pending takeovers
- Abstracts: Foreign courts view discovery more narrowly than their U.S. counterparts, giving rise to problems when foreign parties wind up in American courts
- Abstracts: Issues relating to tort liability for injuries on adjacent premises. The plaintiff's arsenal: emerging theories of liability in managed health care
- Abstracts: Confronting difference: the puzzling durability of Gentili's combination of pragmatic pluralism and normative judgment
- Abstracts: FDA is aggressively enforcing GMP compliance; the agency has heightened the sanctions for deviations from good manufacturing practices