LIABILITY TO CLIENTS The most common source Describe accountants liability to of lawsuits clients and related defenses against CPAs is frol Legal Terms Affecting CPAs Liability clients Terms Related Ordinary Negligence to Negligence Gross negligence Constructive fraud and fraud Fraud Terms Related Breach of Contract to Contract Law( Third-Party Beneficiary Common Law Other erms Statutory Law Joint and Several Liability L灬 boecker Andina&E Separate and Proportionate LiabilityArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc, Describe accountants’ liability to clients and related defenses. LIABILITY TO CLIENTS Legal Terms Affecting CPAs’ Liability Ordinary Negligence Gross Negligence Constructive Fraud Fraud Terms Related to Negligence and Fraud Terms Related to Contract Law Breach of Contract Third-Party Beneficiary Other Terms Common Law Statutory Law Joint and Several Liability Separate and Proportionate Liability The most common source of lawsuits against CPAs is from clients