Disclaimers of liability are valid when the circumstances are such that it is not reasonable to expect the accountant to stand behind certain data.

Question

Quizplus · Accepted Answer

Disclaimers of liability are meant to protect the accountant in situations where it is unreasonable for them to take full responsibility for certain data or information. If the circumstances of a case are such that it is not reasonable to expect an accountant to stand behind certain data, then a disclaimer of liability would be considered valid.

Disclaimers of Liability Are Valid When the Circumstances Are Such