Mr.Blue is a very good accountant at Supermart Inc.Mr.Blue acts with great care and accuracy.But with changing laws and various inaccurate information provided to him by other employees,Mr.Blue is responsible for Supermart owing the IRS $50,000.The CEO of Supermart wants to discharge and sue Mr.Blue for failure to exercise professional care (i.e. ,professional negligence).Mr.Blue is liable for professional negligence and can be discharged and sued for the mistake.
Correct Answer:
Verified
Q8: The professional's duty to exercise reasonable care
Q9: Professionals' tort liability to their clients may
Q10: Usually,only clients sue professionals under the securities
Q11: Under Section 11 of the Securities Act
Q12: A professional may delegate his/her duty without
Q14: Courts and legislatures in dealing with professional
Q15: Proof of aiding and abetting another person's
Q16: The Securities Exchange Act of 1934 does
Q17: Under the Sarbanes-Oxley Act of 2002,public accounting
Q18: The general duty of professionals requires them
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents