Four major sources of legal liability:
1. Liability to clients
2. Liability to third parties under common law
3. Civil liability under federal securities laws
4. Criminal liability
A. Fully examine and present the topic
B. Fully compare and contrast the topic to pre and post Sarbanes-Oxley
C. Fully explain the impact the topic has on accountants, auditors, and stakeholders in a business or industry
D. Relate the topic to a real & likely situation in a business or industry
E. Name the business or industry
F. The key players involved in the topic/issue
3(minimum) possible outcomes & consequences for each.