An accountant who acts in a reasonably competent and professional manner is an insurer of the accuracy of her report.

Question

Quizplus · Accepted Answer

An accountant is not an insurer of the accuracy of her report, but is responsible for acting in a reasonably competent and professional manner. If the report is later found to be inaccurate or misleading, the accountant may be held liable for any resulting damages.

An Accountant Who Acts in a Reasonably Competent and Professional