학술논문
In defense of the management accountant: recent court cases show liability risk is growing
Document Type
Periodical
Source
Management Accounting (USA). May, 1990, Vol. 71 Issue 11, p54, 4 p.
Subject
Language
ISSN
0025-1690
Abstract
Management accountants should follow the precepts in the National Association of Accountants' Standards of Ethical Conduct when carrying out their duties to avoid legal liability for errors and irregularities, and to protect their jobs and careers. The important rulings, laws, and cases affecting the liability of management accountants include the SEC reports titled, In the Matter of Thomas C. Runge and Maury, and In the Matter of Carnation Co; The Foreign Corrupt Practices Act of 1977 amendments of the Securities & Exchange Act of 1934; and Couch v US. Area of concern for management accountants include violations of tax law; aider-and-abetter liability; and liabilities under the Employee Retirement Income Security Act of 1974.