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  • The expert’s role in accountant liability cases

    January / February 2010
    Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1144

    Abstract: In lawsuits involving business failures, it’s increasingly common for shareholders and other plaintiffs to name the business’s accountants or auditors as defendants. An accountant’s liability depends on several factors, but it’s first important to know the applicable professional standard he or she uses. This article discusses those standards, along with the accountant’s level of responsibility for the financial statements. A sidebar discusses the extent of an auditor’s responsibility to uncover fraud.

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