Abstract
The Sarbanes-Oxley Act of 2002 enhances criminal penalties for accounting and auditing improprieties as part of an overall effort to prevent a repetition of the considerable harm caused by inaccurate and fraudulently prepared corporate financial statements. This paper focuses on the liability of accountants in situations where third parties are harmed by reliance on financial statements that are negligently, albeit not fraudulently, prepared. A review of legal theory is followed by a description of other trends influencing the accountability of the accounting profession.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
