Discussion of Auditor Liability and Information Disclosure

1. Gilson Ronald J “Value Creation by Business Lawyers: Legal Skills and Asset Pricing,” Yale Law Journal 94 (1984), pp. 239, 288-93.

2. 15 U.S.C. Sec. 77k (1982).

3. Rosenblum H. Inc. v. Adler, 93 N.J. 324, 461 A.2d 138 (1983).

4. Citizens State Bank v. Timm, Schmidt &Co. 113 W.2d 376, 335 N.W.2d 361 (1983).

5. Ultramares Corporation v. Touche, Niven &Co. 255 N.Y. 170, 174 N.E. 441 (1931).

6. Linda Elizabeth DeAngelo “Audit Size and Audit Quality.” Journal of Accounting and Economics 3 (1981), p. 183.

7. Goldberg Victor P. “Accountable Accountants: Is Third Party Liability Necessary?” Journal of Legal Studies (forthcoming 1988).

8. Kraakman Reinier H. “Gatekeepers: The Anatomy of a Third-Party Enforcement Strategy” Journal of Law, Economics, and Organization 2 (1986), pp. 53, 95-100.

9. Ronen Joshua “The Dual Role of Accounting: A Financial Economic Perspective”in James L. Bicksler (ed.) Handbook of Financial Economics (North Holland Publishing Company: 1979) pp. 415, 429-431.