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The effects of third party litigation on the responsibilities of the CPA in rendering opinions on financial statements

This thesis has explored the professional responsibilities of the certified public accountant in rendering opinions on financial statements. Of major concern were the effects of third party litigation upon the accountant's audit responsibility. An analysis of third party litigation revealed the Ultramares precedent and its significance upon the development of changes in the accounting profession. British precedents were paralleled with their counterparts in the United States in order to illustrate the similarities in judicial rulings.In addition to the economic and legal ramifications involved, the implications of "generally accepted accounting principles" were also reviewed. Specific cases were selected on the basis of their relevance to third party litigation. Other sources included both primary and secondary information. Direct correspondence was made with the members of the so-called "Big 8" CPA firms for the purpose of obtaining their respective attitudes toward specific policies which were alluded to in this study.

Identiferoai:union.ndltd.org:BSU/oai:cardinalscholar.bsu.edu:handle/180044
Date January 1970
CreatorsDambrauskas, Al
ContributorsParkison, Paul W.
Source SetsBall State University
Detected LanguageEnglish
Formatiii, 113 leaves ; 28 cm.
SourceVirtual Press
Coveragen-us---

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