Historically, an accountant's liability for negligence extended to the client and third party beneficiaries.

Question

Quizplus · Accepted Answer

In the past, a client and third-party beneficiaries could hold an accountant liable for negligence. However, this has changed over time and now the scope of an accountant's liability may vary based on various factors including the specific services provided and the terms of the engagement agreement.

Historically, an Accountant's Liability for Negligence Extended to the Client