This article, "Accountants' Liability," is available free from Clifford Law Offices' web site at http://www.cliffordlaw.com. The Chicago law office is posting legal articles on their website in an effort to educate the public about legal matters. An introduction is provided, with a link to the full article.
Chicago, IL (PRWEB) March 23, 2009 -- The current economic slowdown, exposure of huge multi-million dollar Ponzi schemes and the collapse of longstanding banking firms has again raised the specter of liability for accountants associated with these organizations. The potential for finding liability is dependent on the jurisdiction. The different laws require different types of relationships and an examination of the levels of privity between the accountant and the parties who relied on the information.
Robert Clifford, the nationally renowned personal injury attorney based out of Chicago, wrote about potential liability for accountants in a piece for the Chicago Lawyer. In "Accountants' Liability," Clifford looks at the state of the law throughout a number of jurisdictions and simplifies an otherwise complex area of litigation. The relevance of this piece is particularly poignant considering the current state of our economy in the wake of Wall Street's financial turmoil.
Read the full "Accountants' Liability" article here.
"Clifford Law Offices offers these free articles to help educate people about subjects such as liabililty for accountants," says Robert A. Clifford, Founder.
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[Via Legal / Law]
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