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.

Fraud, Negligence, Malpractice

---

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.

Common Law Countries, Methods, Management, Risk management, Information systems, System failures (Engineering)

---

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.

Mexico, Interpretation and construction, Economic aspects, Commercial treaties, Trade agreements, Investors, International environmental law, Environmental law, International

Similar abstracts:

• 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

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.