Part one of term paper
Throughout the Eighties and into the Nineties the question of liability has become more prevalent in the practice of public accounting. Recently, the AICPA has been lobbying for liability reform in cases involving negligence or malpractice by public accountants. Opposition to this lobbying has come from consumer advocacy organizations, tria ...

Part two of term paper
... not be concerned, however, in the pending political outcome, but in weighing the evidence argued by both sides and developing a sound reasonable basis. Therefore, the remainder of this document shall concern itself with comparing the prevalent arguments of both sides against one another and drawing a conclusion based on the evidence. Opponents of liability reform rely heavily on an idealistic constitutional argument as well as an economic argument to foster their point. The main components of th ...