As the financial crisis slowly recedes, the accounting profession finds itself operating in a post- Sarbanes-Oxley environment, in which its responsibilities, client relationships, and the regulatory structure for auditors of public companies are forever changed. Now, in the wake of the credit crisis, the profession faces new questions about the state of auditing and financial reporting. Are you prepared to capitalize on the newest litigation generated by the crisis? Are you prepared to provide the informed representation that accounting professionals need?

If you’re involved in the litigation, or affected by it, you need this course to understand the issues driving it and to better counsel your clients. Our faculty of leading experts explain why some think that the legal environment has become more favorable for the accounting profession in recent years, yet there remains a popular (and at times a judicial) perspective that accountants have a public duty to act as watchdogs and to ferret out financial fraud. They will also consider the lively debate about whether a separate set of accounting standards should be adopted for non-publicly traded companies.

The faculty also explains the impact of these changes on litigation and offers tips and practical suggestions for trying accountants’ liability cases.