An accountant is least likely to be held liable for accounting fraud if he or she

Question

Quizplus · Accepted Answer

An accountant's failure to discover every impropriety in a client's books might not necessarily lead to liability for accounting fraud, especially if the accountant exercised due diligence and followed professional standards. In contrast, actively concealing information, failing to report suspicious activities, or directly engaging in fraudulent reporting would more likely result in liability.

An Accountant Is Least Likely to Be Held Liable for Accounting