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Auditor Liability
Throughout the Eighties and into the Nineties the question of
liability has become more prevalent in the practice of public accounting.
Recently, the AICPA has been lobbying for liability reform in cases
involving negligence or malpractice by public accountants. Opposition to
this lobbying has come from consumer advocacy organizations, trial
lawyers' associations, and state public interest groups to name a few.
(Bolinger p. 53) The key to success for the AICPA, according to Gary M.
Bolinger is creating an image as a, "profession performing high-quality
services but faced with excessive liability burdens that harm the public ....
Word count: 2093 - Page count: 8
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