Accountant:

An accountant is a person who recorded the daily activity in the books of accounts according to the reporting financial framework.

The auditor faces the liability from the sources these are:

1. Audit client

2. Third-parties under common law

3. A civil action under the federal securities laws

4. Criminal law

The third-party (customer, investor, and employee) can claim for the legal liability if

they suffered harm on reliance materially misstated financial statements.