Accountants can be held liable for ________ in preparing unaudited financial statements.

Name: Accountants can be held liable for ________ in preparing unaudited financial statements.
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Question

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Accountants can be held liable for negligence in preparing unaudited financial statements if they fail to exercise the degree of care, skill, and diligence that an ordinary prudent accountant would exercise under similar circumstances. This includes errors, omissions, or lack of thoroughness in performing their duties.

Accountants Can Be Held Liable for ________ in Preparing Unaudited