search query: @indexterm LITIGATION / total: 152
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| Author: | Dalton, D. Hill, J. Ramsay, R. |
| Title: | The big chill |
| Journal: | Journal of Accountancy
1994 : NOV, p. 53-58 |
| Index terms: | ACCOUNTING FINANCE LITIGATION |
| Language: | eng |
| Abstract: | Are litigation worries freezing out qualified professionals in the larger firms? A new study offers some answers. Public accounting's legal liability crisis has been described as the greatest threat facing CPAs. The profession's aggregate liability exposure is estimated to exceed $30 billion. The largest national firms have reported that net practice protection costs as a percentage of auditing and accounting revenues are 11.9%. |
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