Subject Index Accountants

New education requirements for certified public accountant applicants

May
2021
Illinois Law Update
, Page 16
The Board of Examiners adopted amendments to the Part titled Certificate of Education and Examination Requirements, implementing the Illinois Public Accounting Act. The amendments establish new education requirements for applicants seeking to take the Uniform Certified Public Accountant Examination.

State Updates Public Accounting Act Requirements and Testing to Take Advantage of Computer Technolog; P.A. 93-0629

May
2004
Illinois Law Update
, Page 242
Effective December 2003, information regarding the educational requirements, the application process, the examination, and fees connected to the Public Accounting exam became available on the Board of Examiner's web site, as well as in printed documents available from the board's office.

Standards Governing Compliance, Financial and Performance Audit Requirements Amended P.A. 93-0630

April
2004
Illinois Law Update
, Page 176
Effective immediately, compliance audits are to be performed in accordance with attestation standards issued by the American Institute of Certified Public Accountants, related AICPA Statements on Standards for Attestation Engagements.

Application of the audit interference doctrine in the accounting malpractice context is consistent with general tort principles and Illinois common law.

March
2004
Illinois Law Update
, Page 124
On December 18, 2003, the Illinois Supreme Court affirmed the trial and appellate courts' application of the "audit interference" doctrine, limiting consideration of the plaintiff's comparative negligence to instances in which it contributed to the accountant's failure to properly perform an audit. 

Limitation-of-Liability Clauses in Accountants’ Engagement Letters: Are They Enforceable?

By Thomas F. Falkenberg
November
2003
Article
, Page 573
The answer is generally "yes" in Illinois.

Sarbanes-Oxley and document retention

By Helen W. Gunnarsson
April
2003
LawPulse
, Page 162
Do the new requirements governing retention, destruction and alteration of financial records apply to e-mail and other electronic documents? It's better to be safe than sorry.

The Lawyer’s Journal

By Bonnie Fitzgerald McGrath
November
1998
Column
, Page 590
Post-Ellerth business boom?

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