Abstract
ABSTRACT This paper mainly focuses on the potential liability of accountants and auditors under the common law of negligence for careless advice or information which causes economic loss to third parties who were not the intended users of such advice. While there is no doubt that an accountant owes a duty of care where advice or information is supplied in a serious context to an identified or identifiable individual or class for their intended use, does such liability extend beyond the intended user? This paper provides a matrix for determining vulnerability to suit in any circumstance of potential economic loss to third parties beyond the intended recipient.
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