The duty of care of accountants:

Name: The duty of care of accountants:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It has been held that the duty of care of accountants extends beyond their actions during the audit itself. In one case, an accounting firm learned through further work for a client that figures in financial statements that it had certified a short time earlier were false and misleading. The court held that the accountants had a duty to disclose the unreliability of the earlier report to anyone who they knew was relying on it.

The Duty of Care of Accountants