Civil Liability of Accounting Professionals under Brazilian Civil Law

This study examines the civil liability of accounting professionals within the Brazilian legal framework, particularly in light of the Brazilian Civil Code of 2002. The research highlights the ethical and legal responsibilities of accountants, emphasizing the importance of professional conduct in accordance with the Code of Ethics issued by the Federal Accounting Council. The study analyzes the conditions under which accounting professionals may be held liable for damages caused to clients and third parties, including cases of negligence, malpractice, and lack of due diligence. It also explores the expansion of accountants’ liability following the enactment of the Civil Code, which established their role as agents of business entities and broadened their accountability, including personal and joint liability. Additionally, the research addresses the potential criminal liability of accounting professionals, particularly in relation to money laundering offenses under Brazilian law. Through bibliographic, legal, and jurisprudential research, the study demonstrates the relevance of ethical conduct and technical competence in the accounting profession, considering its direct impact on third-party assets and economic relations. Originally developed in 2017 as an undergraduate thesis (TCC), this work reflects the legal and regulatory framework applicable at that time, without compromising its theoretical and legal foundations.