Buy custom Liability of Certified Public Accounts 
    
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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 5 / 1365 | 
                
    
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They are:
(1) A misrepresentation of material fact has occurred
(2) There exists an intent to deceive
(3) The innocent party has justifiably relied on the misrepresentation
(4) For damages, the innocent party must have been injured
An accountant can be liable for two different types of fraud, actual fraud or constructive
fraud...
        
        
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An accountant can be liable for constructive fraud whether or not he acted with fraudulent intent.
An Accountant's Liability to Third Parties
An accountant may be held liable to third parties. There are three views on this liability, they are:
(1) The Ultramares Rule
(2) The Restatement Rule
(3) The Reasonable Foreseeable User Rule
The Ultramares Rule states that privity of contract is required, and that accountants owe a
duty of care only to those persons whose primary benefit the reports or financial statements are intended...
        
        
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            General points of the essay
            
                                    fraud reality
                                    Accounting Fraud
                                    Accounting,Fraud
                                    Fannie Mae Fraud
                                    Insurance Fraud
                                    Internal Fraud
                                    Liability of Certified Public Accounts
                                    Parmalat fraud
                                    Fraud
                                    INTERNET FRAUD
                                    Scientific Fraud
                                    Corporation Fraud
                                    Fraud At Worldcom
                                    Healthcare Fraud
                                    Click Fraud
                            
                    
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