The Changing Landscape of Accountants’ Exposure to Liability
The Offices of Hodgson Russ
1540 Broadway, 24th Floor, New York, NY
8 - 9:30 a.m.
Litigation recently filed against the global accounting firm Ernst & Young raises serious issues concerning the traditional view of accountant’s exposure to liability to their clients, stakeholders, regulators, and the public. Commentators have observed that there is an independent duty for an accountant to disclose potential fraud and not simply avoid disclosure because it is “the company’s numbers,” heralding a potential paradigm shift in the role of practitioners.
Join us for a discussion of these issues along with a number of critical legal and economic developments impacting the accountant’s duty to disclose. This program will provide you with practical tips to begin addressing these issues in your practice.
- History, rationale, and validity of the traditional accountants’ liability paradigm, from Arthur Andersen to the Ernst & Young case today