An accountant who uncovers suspicious financial dealings in a client's books and fails to investigate or to inform the client is liable for any resulting loss.

Question

Quizplus · Accepted Answer

An accountant has a duty of care to their client and a responsibility to exercise due diligence. Failing to investigate or inform the client about suspicious financial dealings breaches this duty and can make the accountant liable for any resulting loss.

An Accountant Who Uncovers Suspicious Financial Dealings in a Client's