State Codes and Statutes
Statutes > Indiana > Title25 > Ar2.1 > Ch15
IC 25-2.1-15
Chapter 15. Statute of Limitations
IC 25-2.1-15-1
Actions for negligence or breach of conduct against practitioner;
scope of chapter
Sec. 1. This chapter governs an action based on negligence or
breach of contract brought against an accountant, a partnership of
accountants, or an accounting corporation registered, licensed, or
practicing in Indiana by an individual or a business entity claiming
to have been injured as a result of financial statements or other
information examined, compiled, certified, audited, or reported on by
the defendant accountant as a result of an agreement to provide
professional accounting services.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-15-2
Time for commencement of action
Sec. 2. An action under this chapter must be commenced by the
earlier of the following:
(1) One (1) year from the date the alleged act, omission, or
neglect is discovered or should have been discovered by the
exercise of reasonable diligence.
(2) Three (3) years after the service for which the suit is brought
has been performed or the date of the initial issuance of the
accountant's report on the financial statements or other
information.
As added by P.L.30-1993, SEC.7.
