One reason for lawsuits against public accountants is

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The increasing complexity of auditing and accounting functions is a major reason for lawsuits against public accountants. As businesses, financial transactions, and regulations become more complex, it is harder for accountants to detect or prevent fraud, errors, and other financial irregularities. As a result, stakeholders may suffer financial losses and sue accountants for providing inaccurate or misleading information or failing to identify significant risks or deficiencies. This requires public accountants to maintain high professional standards, apply rigorous methodologies, and leverage technological tools to enhance their skills, knowledge, and quality of services.

One Reason for Lawsuits Against Public Accountants Is