... liability by more than they reduce it, then imposing strict vicarious liability on a corporation will not cause it to increase its enforcement expenditures – no matter how great the fine (Arlen, 1994, pp. 842‐3). There is little doubt that market‐related instruments will increasingly be used...

...Gregory Shailer; Roger Willett; Kim Len Yap; Margo Wade This paper investigates the perceptions of senior auditors in large firms in Australia, Malaysia and New Zealand concerning sources of auditor legal liability, what should constitute auditors’ duties and what may be done to reduce litigation...

...Carl Pacini; William Hillison; David Sinason Examines the legal environment of the UK, Canada, Australia, New Zealand and the USA with respect to auditor liability. Provides an understanding of the legal risks to accountants associated with third‐party uses of audited financial statements...

...Conor O′Leary This article examines the area of auditors’ liability to third parties. It commences by reviewing landmark historical cases, from Ultramares (USA 1931) to the most recent watershed case Caparo (UK 1990). Three subsequent Australian cases in the 1990s which yielded...

... of due care contributes to confusion about its role. Feels that in order to promote the consciousness of audit liability, the law needs perfecting, and technical standards, audit theory, and court procedures need improvement before resolution of the auditors’ liability issue can be achieved...

... liability. Nearly a decade later, this issue has yet to be addressed empirically and with rigour. The empirical research reported examines the ability of the “new” audit report to reduce perceptions of auditor responsibility/liability across two instances of alleged audit failure. It is argued...

... that can adversely affect clients′ operations: valuation of the business,acquisition and divestiture and access to capital. Discusses the CPA′s role as external adviser. © MCB UP Limited 1995 Accountancy Green issues Liability Manufacturing industry Pollution Small firms The public...

...Mort Dittenhofer From a management viewpoint, identifies the quantitative information relative to environmental activities the management should have. Describes the types of auditing that should be conducted to protect the organization. Cost and liabilities must be established on an objective...

... time and has been refined by a number of judgments over the years. In respect of possible third party liability, the concepts of special relationship, proximity and reasonable foreseeability have been examined by the courts through various cases. Despite the principles established in the widely...