Accountants’ Legal Liability
• Describe the contract liability of an accountant to
her client.
• Describe for what and to whom an accountant has
tort liability.
• Describe who owns the working papers an
accountant generates and whether client information
is privileged.
• Discuss the potential civil and criminal liability of an
accountant under the 1933 Securities Act.
• Discuss the potential civil and criminal liability of an
accountant under the 1934 Securities Act
