Introduced by Rep. Paul Condino (D) on February 1, 2005, to expand the list of those who can collect damages from a certified public accountant (CPA) who commits professional malpractice or negligence. Under current law, only a direct client can collect. The bill would also allow collections by a person for whose benefit and guidance the client intends to supply information, or a person who relies on the CPA’s information in a specific transaction in which the CPA intends to influence the person.
Referred to the House Judiciary Committee on February 1, 2005.
1) It's BACK! And still a bad idea. [by Mike Hignite on February 11, 2005] Reintroduced again this session. So is my comment.
This is still a very bad idea. Unless you want to add that the CPA is allowed to charge identical fees charged the original client to any third party seeing the CPA's information, then that would be OK.