Accountants' Liability

This annual course of study, comprising 13 full hours of instruction, provides an overview of the changing principles that govern the field of accountants’ liability, with particular emphasis on the recent developments that have occurred in the wake of the major corporate failures that have been linked to fraudulent financial reporting.

Topics include:

• Sarbanes-Oxley and its aftermath for the profession
• The potential impact of the subprime crisis
• Control reporting
• The role of audit committees and a case study of an audit committee investigation
• Recent case law developments
• Increased regulatory activity at the federal and state level, including inspections and discipline
• The response of the profession and self-regulatory organizations to recent events
• Trends affecting the profession in the U.S. and internationally
• Practical tips offered from both the plaintiff and the defense perspectives
• Preparation and trial of an accountants liability case