[Accountant Dissatisfaction] Andrew agreed to perform accounting services for Dominique, and they entered into a contract setting forth the terms of their agreement. Dominique wanted Andrew to review her financial information and her system of internal controls. Dominique became dissatisfied with Andrew's work after he reported some irregularities in her financial statements. Andrew, on the other hand, claimed that he had adequately performed his duties and that, at the most, any mistakes that he made were minimal.
-Which of the following would be available to Dominique, assuming that she can establish that Andrew failed to meet his contractual obligations?
A) Only a recovery for the cost of obtaining a different accountant to perform breached contractual duties.
B) Reasonable and foreseeable damages related to the breach, excluding the cost of another accountant to perform breached contractual duties.
C) Reasonable and foreseeable damages related to the breach and damages for fraud which would be presumed.
D) The cost of obtaining a different accountant to perform breached contractual duties and also any reasonable and foreseeable damages related to the breach.
E) Nothing unless the contact specifically provides for damages in the event of a breach.
Correct Answer:
Verified
Q52: [Accountant Dissatisfaction] Andrew agreed to perform accounting
Q53: In negligence cases involving the accountant's work,
Q54: [Travel Plans] Amina, a certified public accountant,
Q55: [Prenuptial Agreement] Norah performed accounting services for
Q56: Under the Sarbanes-Oxley Act of 2002, how
Q58: Teliva has been hired as an accountant
Q59: An accountant's failure to fulfill obligations under
Q60: For which of the following does the
Q61: [Prenuptial Agreement] Norah performed accounting services for
Q62: [Sami's Coffee Shop] Javier, a new accountant
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents