Detail The Law and CPA Webtrust   Oleh:  Sinason, David ; Pacini, Carl Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 187 no. 2 (1999), page 20-26. Topik: cpa; law; CPA webtrust Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Internet fraud may not soon be a staple of TV crime shows such as Law and Order and NYPD Blue, but that doesnt mean CPAs should wait until theres drama to take a look at the legal ramifications of WebTrust. If a problem requiring court intervention arises in an e - commerce case involving a WebTrust engagement, what are a CPAs liabilities ? What legal precedents come into play with this new assurance service ? The law ultimately will evolve with regard to assurances linked to electronic commerce, but for now the well - prepared CPA will want to know precedents and strategies that can minimize litigation risk. CPA s should not be needlessly frightened away from WebTrust because of this risk; increased awareness, not fear, is the answer. Development and deployment of any new CPA assurance service and, indeed, many accounting services, carry some litigation risk. Perceived as guarantors of financial statement accuracy, CPA s often are targets in lawsuits filed by aggrieved shareholders or creditors who see accountants or their malpractice insurers as deep pockets. Technological aspects of WebTrust make some litigation issues even more complex than in standard engagements. In December 1996 before the AICPA unveiled WebTrust SEC Commissioner Steven Wallman commented on how the evolution of financial information technology would affect accountants, predicting it would cause a shift away from substance attestation toward process attestation. For accountants, process attestation means providing assurance about the integrity or reliability of the system a client employs rather than about the integrity of the business information that system producess. In the world Wallman described, the potential liability of assurance service providers is staggering given that virtually any computer useranywhere in the world can access a business Web site that displays a WebTrust seal. The accountants potential liability exposure is global, since the Internet knows no borders. Given the potential exposure, CPAs must become familiar with the litigation - risk issues before they initiate WebTrust engagements. Insurance industry statistics show the number of man - made and natural disasters has increased. With the news media flashing disaster reports, regulators demanding that companies take preventive measures against the millennium bug and the reliability questions introduced by electric utility deregulation, more executives are realizing, This could happen to me. And it could hurt. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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