When relying on a report prepared by a professional,corporate officers and directors have a duty to use care and diligence in relying on its accuracy.

Question

Quizplus · Accepted Answer

Corporate officers and directors have a duty of care to ensure they are relying on accurate information when making decisions for the company. This includes employing certified professionals to provide reports, and thoroughly reviewing and understanding the report before relying on it.

When Relying on a Report Prepared by a Professional,corporate Officers