Publication Date
1989
Recommended Citation
Andrew, Brian, The Extent of an Accountant's Liability to Third Parties, School of Accounting & Finance, University of Wollongong, Working Paper 12, 1989.
https://ro.uow.edu.au/accfinwp/133
Abstract
Since the House of Lords in Hedley Byrne & Co Ltd. v Heller and Partners Ltd [1] enunciated the possibility of professional persons owing a duty of care to third parties for the consequences of negligent mis-statements, accountants have been concerned with the extent of this duty and their potential liability. Accountants normally owe a duty of care to their client as a term of the contract of engagement and the extent of this duty has become clear from a range of cases concerning the law of contract [2]. But the duty of care owed under a contract may be different in kind to that owed to a third party under the law of tort.