With reference to accountants liability, which of the following statements is most true? ...
50.1K
Verified Solution
Link Copied!
Question
Accounting
With reference to accountants liability, which of the following statements is most true?
An accountant can be liable to any party damaged as a result of the accountants fraudulent activity, even without a contractual relationship
An accountant can be liable to any party damaged as a result of the accountants negligent misrepresentation
An accountant cannot be liable to a non-client for professional negligence
An accountant is only liable for negligence, with regard to a non-publicly traded company, if the accountant fails to uncover weaknesses in a clients internal controls
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!
