The Legal Environment of the Accounting Profession

19 Pages Posted: 8 Mar 2010

See all articles by Christine Neylon O'Brien

Christine Neylon O'Brien

Boston College - Carroll School of Management

Date Written: March 7, 1986

Abstract

This article outlines the expanding liability of accounting professionals – from just common law, to statutory law, the Foreign Corrupt Practices Act, Accounting Standards, and finally, criminal liability. The author assesses the costs of these layers of regulation to accountants and how this extra regulatory oversight impacts practitioners. The author considers the litigation and increased administrative regulatory activity as examples of this trend and details the associated costs for this litigation explosion.

Suggested Citation

O'Brien, Christine Neylon, The Legal Environment of the Accounting Profession (March 7, 1986). Business Law Review, Vol. 19, pp. 102-119, 1986, Available at SSRN: https://ssrn.com/abstract=1566466

Christine Neylon O'Brien (Contact Author)

Boston College - Carroll School of Management ( email )

140 Commonwealth Avenue
Business Law Department
Chestnut Hill, MA 02467
United States
(617) 552-0413 (Phone)
(617) 552-0414 (Fax)

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