Judge Silverstein relied on the Restatement (Second) of the Law of Torts for his ruling. Assume he
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Judge Silverstein relied on the Restatement (Second) of the Law of Torts for his ruling. Assume he had relied on the "near-privity relationship" ruling in Credit Alliance, and evaluate the legal liability of the auditors using that standard?
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The New York Court of Appeals expanded the privity standard in the case of Credit Alliance v Arthur Andersen Coto include a near privity relationship between third parties and the accountant In the ca...View the full answer
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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