The liability of accountants under the Securities Act
The
liability of accountants under the Securities Act
SEC commentary
SEC commentary
O'Brien
Christine Neylon
O'Brien, Christine Neylon
Dept. of Business Law, Carroll School of Management
Author
Author
text
article
1986 1986 monographic
1986
1986
monographic
English eng
English
eng
electronic application/pdf digitized other analog
electronic
application/pdf
digitized other analog
Within the context of the general trend toward expanding legal liability, the accounting profession is no exception. Accountants were formerly a largely autonomous, self-regulating profession, largely immune from outside regulatory and legal pressures. While accountants have strengthened their standards and educational requirements, the specter of liability and the development of increased disciplinary activity have worked to create an environment which necessitates an assessment of the law's treatment of accountants. The author examines the civil and criminal liability statutes covering accountants, SEC Rules, as well as the Foreign Corrupt Practices Act. The author concludes that due to this uncertainty, the American Institute of Certified Public Accountants and state Certified Public Accountant societies must provide guidance for their members, as well as provide much-needed legislative oversight and government regulation initiatives and proposals.
Version of record.
CPA Journal 0732-8435 90 93 pp. 90-93 September 1986
CPA Journal
CPA Journal
0732-8435
90 93 pp. 90-93 September 1986
90 93 pp. 90-93
90
93
pp. 90-93
September 1986
Use of this resource is governed by the terms and conditions of the Creative Commons "Attribution-Noncommercial-No Derivative Works 3.0 United States" (http://creativecommons.org/licenses/by-nc-nd/3.0/us/)
Business Law CPA-J-v56-OBrien-Sept1986-p90-QC-withcover.pdf CPA-J-v56-permissions.pdf
Business Law
CPA-J-v56-OBrien-Sept1986-p90-QC-withcover.pdf
CPA-J-v56-permissions.pdf
MChB English eng
MChB
English eng
English
eng