An accountant who fails to discover every impropriety in a client's books is liable to the client on a negligence theory for any resulting loss.

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Quizplus · Accepted Answer

An accountant is expected to exercise a reasonable degree of skill and care that is typical of the profession. Failure to discover every impropriety does not automatically constitute negligence unless it can be shown that the accountant did not perform their duties to the standard expected of a reasonably competent professional under similar circumstances.

An Accountant Who Fails to Discover Every Impropriety in a Client's