An accountant may be found liable if he fails to follow the standards of the accounting profession, not just if he fails to act as a reasonably prudent person would.

Question

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Accountants have a duty to follow the standards of the accounting profession, which may go beyond what a reasonably prudent person would do. If they fail to do so, they may be held liable for their actions.

An Accountant May Be Found Liable If He Fails to Follow