In terms of an accountant's liability for breach of a contract with a client,courts generally consider damages to be the expenses the client incurs in securing another accountant to perform the needed services,as well as any fines or penalties incurred by the client for missed deadlines and lost opportunities.
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Q21: An accountant who does not comply with
Q22: Where an accountant has been found liable
Q23: Punitive damages are not recoverable in cases
Q24: The terms of an "engagement" are specified
Q27: Constructive fraud is sometimes categorized as gross
Q28: Constructive fraud is defined as intentional misrepresentation
Q29: Compliance with GAAPs and GAASs automatically relieve
Q30: If an audit turns up a suspicious
Q31: Actual fraud occurs when an accountant acts
Q77: Accountants cannot be held liable for their
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