Steve, an accountant, is hired by Sandra, his neighbor, to do Sandras tax return. Steve...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Steve, an accountant, is hired by Sandra, his neighbor, to do Sandras tax return. Steve is surprised that Sandras income is as high as it is and he discloses her income to a few of their other neighbors. Steve has likely violated the duty of _______ to Sandra.
care
skill
trust
fidelity
discretion
A professional is required to meet a general duty of performance, which encompasses the specific duties of ____________.
intelligence and talent
capacity and faculty
patience and courtesy
persistence and consideration
skill and care
Barbara, while performing as a professional accountant, is required to perform with degree of care of ________.
a highly educated member of the community
the ordinarily prudent person in their profession
the most minimally informed person in their profession
the average person in society
the most well informed person in their profession
The three principal bases for professionals' liability to their clients are contract, tort, and ________.
constitutional law
wills
criminal law
fidelity
trust
If an auditor finds obvious evidence of embezzlement but fails to notify his client of the embezzlement, the auditor may be liable to his client for ______.
tortious interference
negligence
abandonment
neglect
fraud
A breach of the professional duty of ______ occurs when an accountant or securities broker uses the assets of his client for his own benefit.
skill
fidelity
discretion
care
trust
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!