With reference to accountants liability, which of the following statements is most true? ...
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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
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