Auditor liability to third parties: An international focus

Carl J. Pacini; William A. Hillison; David Sinason

Auditor liability to third parties: An international focus

Carl J. Pacini, William A. Hillison, David Sinason

University of South Florida

Research output: Contribution to journal › Article › peer-review

Abstract

Examines the legal environment of the UK, Canada, Australia, New Zealand and the USA with respect to auditor liability. Provides an understanding of the legal risks to accountants associated with third-party uses of audited financial statements by contrasting accounting liability for negligent misrepresentation in various US settings with those of the four other nations. Liability pressure has been very acute and litigation in the five countries has increased. Evidence supports a trend towards limiting third-party liability to accountants.

Original language	American English
Journal	Default journal
State	Published - Jan 1 2000

Keywords

Accounting law
Liability

Disciplines

Accounting
Business

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Cite this

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title = "Auditor liability to third parties: An international focus",

abstract = " Examines the legal environment of the UK, Canada, Australia, New Zealand and the USA with respect to auditor liability. Provides an understanding of the legal risks to accountants associated with third-party uses of audited financial statements by contrasting accounting liability for negligent misrepresentation in various US settings with those of the four other nations. Liability pressure has been very acute and litigation in the five countries has increased. Evidence supports a trend towards limiting third-party liability to accountants.",

keywords = "Accounting law, Liability",

author = "Pacini, {Carl J.} and Hillison, {William A.} and David Sinason",

note = "Pacini, C., Hillison, W. & Sinason, D. (2000). Auditor liability to third parties: An international focus. Managerial Auditing Journal, 15(8), 394-406.",

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AU - Pacini, Carl J.

AU - Hillison, William A.

AU - Sinason, David

N1 - Pacini, C., Hillison, W. & Sinason, D. (2000). Auditor liability to third parties: An international focus. Managerial Auditing Journal, 15(8), 394-406.

PY - 2000/1/1

Y1 - 2000/1/1

N2 - Examines the legal environment of the UK, Canada, Australia, New Zealand and the USA with respect to auditor liability. Provides an understanding of the legal risks to accountants associated with third-party uses of audited financial statements by contrasting accounting liability for negligent misrepresentation in various US settings with those of the four other nations. Liability pressure has been very acute and litigation in the five countries has increased. Evidence supports a trend towards limiting third-party liability to accountants.

AB - Examines the legal environment of the UK, Canada, Australia, New Zealand and the USA with respect to auditor liability. Provides an understanding of the legal risks to accountants associated with third-party uses of audited financial statements by contrasting accounting liability for negligent misrepresentation in various US settings with those of the four other nations. Liability pressure has been very acute and litigation in the five countries has increased. Evidence supports a trend towards limiting third-party liability to accountants.

KW - Accounting law

KW - Liability

UR - https://digitalcommons.usf.edu/fac_publications/929

UR - https://login.ezproxy.lib.usf.edu/login?url=http://www.emeraldinsight.com/journals.htm?issn=0268-6902&volume=15&issue=8&articleid=868477&show=pdf

M3 - Article

JO - Default journal

JF - Default journal

ER -

Auditor liability to third parties: An international focus

Abstract

Keywords

Disciplines

Access to Document

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