Overview
Accountants’ Liability is a comprehensive reference guide to auditor liability jurisprudence and defense strategies. For lawyers who represent accounting firms and their associated personnel, and in-house counsel at accounting firms, the book highlights defense strategies in both civil litigation and regulatory matters, inclusive of matters before the primary regulators of the profession—the Public Company Accounting Oversight Board (PCAOB) and the U.S. Securities and Exchange Commission (SEC).
Written by lawyers with decades of experience working at the regulators of the profession and representing accounting firms and their personnel, Accountants’ Liability helps the reader understand how to approach a regulatory investigation and the applicable laws, rules, and professional standards promulgated by organizations such as the FASB, AICPA, NASBA and others that govern the profession. Every year, the authors fully update the book to address the latest key case law relevant to various defenses and privilege/protection assertions, and the sources of current claims, the various legal theories upon which they may be instituted, and the strategies and tactics used by the parties in litigating such claims.