Volume 2 - Number 4    April 2002

{Prior Articles} {Business Risk Resources} {Actual Case Failures} {Prior X-Gap Reports} AccountingMalpractice.com's X-Gap Reports are prepared to help satisfy the practitioner's emerging professional and legal liability standards. These reports are delivered via e-mail to all registered members of the Prevention Firewall Program. Your registration may have come about courtesy of your insurance provider, firm or other association. Please note that forwarding this report may impair the layout depending on your email client. To avoid this problem you can forward the following link: http://www.accountingmalpractice.com/0006/xgap.php. Smoking Gun Alert Documentation New SAS will play a significant role in audit liability. read more Loss prevention courses on emerging risks with CPE credits available more Sample Engagement Letters For business valuations. New Articles Government & Non-Profit Audit GASB 34 and Its Liablility Implications [PDF] GAO Independence Standards [PDF] Audit Follow-up: Going Concern Issues [PDF] Internet Power User [PDF] The Enron Debacle [PDF] The Enron debacle, the Expectation Gap and the Code of Professional Conduct . . . REITS [PDF] What should the auditor be concerned about . . . Litigation Independence [PDF] The effect of actual or threatened litigation on independence . . . Thought Provoking . . . Enron Part VII [PDF] On the precipice of a disaster . . . Enron Part VI [PDF] Justice cannot be served . . . Crisis of Success [PDF] (Reprint) Risk Mitigation Databases Malpractice Case Database A unique collection of malpractice cases, summaries and documents representing the most complete body of knowledge in the field. Learn from the mistakes of others. Industry Resources Becoming an Internet Power User is not an option for auditors. Pre-searched and pre-reviewed websites that will assist you in enhancing your professional knowledge and judgment about your clients' industries. Accounting and Financial Specialties Consider recruiting an indpendent mentor or advisor for assisting you in acquainting your board duties. With more than 8,000 specialists from multiple business categories identified in our database, we believe that you will be able to find the right professional. (Email us to have your specialties listed.) War Stories From our readers Coming Soon! Economic Statistics Important statistics Stay on top of our fast moving economy. Accounting Malpractice Questions Chapter 1: Introduction This chapter will help you prepare for what legal liabilities the third millennium will bring. . . review the chapter Featured Case Financial Inst v Regional Accounting Firm This case exemplifies a third party claim of reliance on a set of financial statments. review the case Fraud Checklist Based on the latest emerging requirements to search for fraud, this checklist is constantly updated. check it out Business & Professional Links CPArunner.com A specially designed home-page for accountants - fast, simple and free. Featured Book Essentials of Health Care Finance

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