Auditor liability to third parties: an international focus

Managerial Auditing Journal

Volumn 15, Issue 8, 2000, Pages 394-407

  Pacini, Carl ^a   Hillison, William ^b   Sinason, David ^c  

^a FLORIDA GULF COAST UNIVERSITY   (United States)

^b FLORIDA STATE UNIVERSITY   (United States)

^c NORTHERN ILLINOIS UNIVERSITY   (United States)

Author keywords

Accounting law; Liability

Indexed keywords

EID: 84986132960     PISSN: 02686902     EISSN: None     Source Type: Journal    
DOI: 10.1108/02686900010353980     Document Type: Review

References (49)

1. Accountancy (1998), “Jersey enacts LLP law at last”, Vol. 121, June, p. 14.
2. Beckett, M. (1994), “Accountants debate move to limited liability”, Daily Telegraph, 28 June, p. 8.
3. Brecht, H.D. (1989), “Auditors’ duty of care to third parties: a comment on judicial reasoning underlying US cases”, Accounting and Business Research, Vol. 19, pp. 175-8.
4. Brown, R.D. (1977), “Haig v. Bamford”, Osgoode Hall Law Journal, Vol. 15 No. 2, pp. 474-84.
5. Causey, D. (1987), “Accountants’ liability in an indeterminate amount for an indeterminate class: an analysis of Touche Ross v. Commercial Union Ins. Co.”, Mississippi Law Journal, Vol. 57, pp. 379-416.
6. Cawthorn, P. (1979), “Comment – Scott Group v. McFarlane”, Auckland University Law Review, Vol. 3 No. 4, pp. 463-7.
7. Chapman, B. (1992), “Limited auditors’ liability: economic analysis and the theory of tort law”, Canadian Business Law Journal, Vol. 20, pp. 180-214.
8. Chua, S. (1995), “The auditor's liability in negligence in respect of the audit report”, Journal of Business Law, pp. 1-20.
9. Ciccotello, C.S. and Grant, C.T. (1999), “LLCs and LLPs: organizing to deliver professional services”, Business Horizons, Vol. 42 No. 2, pp. 85-91.
10. CMA Magazine (1998), “Auditor liability evokes wider concerns”, Vol. 131 No. 4, p. 31.
11. Corbett, A. (1994), “The rationale for the recovery of economic loss in negligence and the problem of auditors’ liability”, Melbourne University Law Review, Vol. 19, December, pp. 814-67.
12. Cousins, J., Mitchell, A. and Sikka, P. (1999), “Auditor liability: the other side of the debate”, Critical Perspectives in Accounting, Vol. 10, pp. 283-312.
13. Daley, B.A. and Gibson, J.M. (1994), “The delineation of accountants’ liability to third parties: Bily and beyond”, St John's Law Review, Vol. 68, Summer, pp. 609-41.
14. Dalton, D., Hill, J. and Ramsay, R. (1994), “The big chill”, Journal of Accountancy, Vol. 178 No. 11, pp. 53-6.
15. Davies, M. (1991), “The liability of auditors to third parties in negligence”, UNSW Law Journal, Vol. 14 No. 1, pp. 171-97.
16. Deturbide, M. (1998), “Liability of auditors”, Canadian Bar Review, Vol. 77, March/June, pp. 260-4.
17. Fleming, C. (1998), “After Kripps and Hercules”, Accountancy, Vol. 121, February, pp. 62-4.
18. Fridman, G.H.L. (1976), “Negligent misrepresentation: a postscript”, McGill Law Journal, Vol. 4, pp. 649-57.
19. Godsell, D. (1991), “Auditors’ legal liability and the expectation gap”, Australian Accountant, Vol. 61, February, pp. 22-8.
20. Gormley, R.A. (1984), “The foreseen, the foreseeable, and beyond: accountant's liability to nonclients”, Seton Hall Law Review, Vol. 14, pp. 528-72.
21. Green, D. (1999), “Litigation risk for auditors and the risk society”, Critical Perspectives in Accounting, Vol. 10, pp. 339-53.
22. Greinke, A. and Shailer, G. (1997), “Auditing the auditors – the Esanda case”, Australian Accountant, Vol. 67, August, pp. 16-18.
23. International Accounting Bulletin (1999), “Bulletin Board”, 30 November, p. 2.
24. Ish, D. (1977), “Liability arising out of negligent misrepresentation”, Saskatchewan Law Review, Vol. 42 No. 1, pp. 147-53.
25. Ivankovich, I.F. (1991), “Accountants and third-party liability: back to the future”, Ottawa Law Review, Vol. 23 No. 3, pp. 505-31.
26. Jack, A. (1994), “Rise in legal claims hits top accountancy firms: auditors say they are turning away high-risk clients”, Financial Times, 21 February, p. 18.
27. James, M.F. (1990), “Negligence and the auditor's duty of care after Caparo”, Professional Negligence, Vol. 6, June, pp. 17-23.
28. Jeffrey, G. (1994), “Accountants want relief from legal nightmare”, Financial Post, 29 April, p. 12.
29. Johnston, I. (1978), “Negligent misstatement – auditor's liability to third parties for careless report on company's annual accounts”, New Zealand Universities Law Review, Vol. 8, October, pp. 175-87.
30. Kemeny, L. (1999), “LLPs set for 2001”, Accountancy Age, 2 December, p. 6.
31. Marshall, P. (1990), “Auditors’ duties: a narrow approach”, Lloyd's Maritime and Commercial Law Quarterly, November, pp. 478-81.
32. Miller, M. (1999), “Auditor liability and the development of a strategic evaluation of going concern”, Critical Perspectives in Accounting, Vol. 10, pp. 355-75.
33. Morris, G. (1991), “The liability of professional advisers: Caparo and after”, Journal of Business Law, pp. 36-48.
34. Murphy, J. (1996), “Expectation losses, negligent omissions, and the tortious duty of care”, Cambridge Law Journal, Vol. 55, March, pp. 43-55.
35. Nicholson, K. (1991), “Third party reliance on negligent advice”, International and Comparative Law Quarterly, Vol. 40, pp. 551-82.
36. Pacini, C. and Sinason, D. (1998), “Gaining a new balance in accountants’ liability to nonclients for negligence: recent developments and emerging trends”, Commercial Law Journal, Vol. 103, Spring, pp. 15-66.
37. Pacini, C., Hillison, W. and Sinason, D. (2000), “Three's a crowd: an examination of state statutes and court decisions that narrow accountant liability to third parties for negligence”, Advances in Accounting, Vol. 16 (forthcoming).
38. Peel, M. (1999), “Auditors find lawsuits no laughing matter”, Financial Times, 21 December, p. 26.
39. Peel, M. (2000), “Move to cap auditor negligence claims”, Financial Times, 15 March, p. 5.
40. Pheasant, B. (1993), “Accountants want to stop the damage”, Australian Financial Review, 12 August, p. J4.
41. Porter, B. (1993), “An empirical study of the audit expectation-performance gap”, Accounting and Business Research, Vol. 24, pp. 49-68.
42. Rafferty, N. (1998), “Recent professional negligence decisions form the Supreme Court of Canada”, Professional Negligence, Vol. 14 No. 2, pp. 67-74.
43. Swanton, J. and McDonald, B. (1997), “Common law – the reach of the tort of negligence”, Australian Law Journal, Vol. 71, November, pp. 822-9.
44. The Times (2000), “The week in Parliament”, 6 March.
45. Trapp, R. (1999), “PWC faces pounds 400m lawsuit over Maxwell audit failure”, The Independent, 3 February, p. 16.
46. Ward, B. (1999), “Auditors’ liability in the UK: the case for reform”, Critical Perspectives in Accounting, Vol. 10, pp. 387-94.
47. Wardle, P. and James, D. (1998), “Professional negligence: has Hercules given judges more discretion?”, International Commercial Litigation, Vol. 27, February, pp. 32-4.
48. Westell, D. (1998), “Ontario accountants get break on liability”, The Financial Post, 19 June, p. 9.
49. Wild, D. (1999), “L68M Coopers’ payout threatens to lift insurance premiums”, Accountancy Age, 3 June, p. 3.