Ryan v. Kanne

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that an accountant who is hired to prepare statements regarding the financial health of a business is within the ambit of section 552 of the Restatement (Second) of Torts
• noting that lumber yard relying on misrepresentations in a financial statement was entitled to damages sufficient to put it in the place it would have been had the statement been correct
• accountant liable for negligence in preparing report of accounts payable even though statement unaudited and accountant expressly disclaimed knowledge that information was correct
• Iowa court recognized the plaintiff accountants could not collect their fee if their negligent performance made their audit valueless, but refused to hold the audit was valueless when the trial court found for the plaintiffs
• accountant owes duty to prospective investors in preparing financial statements
• test applied to a certified public accountant

Source: CourtListener parenthetical corpus (CC0).