Curtail third party losses

As the law has become less clear over the issue of third party liability, accountants have become more concerned.

Brokers often find that their accountant clients are concerned about
claims from third parties as much as claims from their own clients. The
accountant's engagement letter to the client will often limit liability to
the client but it does not apply to third parties. Does this therefore
mean there is an unlimited liability to a third party?


An accountant may send an engagement letter to a company client that
restricts liability to the penalties and interest payable for failing to
file accounts and