The failure of an accountant to discover fraud by the client's employees or others would not be considered proof of negligence by the accountant.

Name: The failure of an accountant to discover fraud by the client's employees or others would not be considered proof of negligence by the accountant.
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Question

Quizplus · Accepted Answer

It is not the responsibility of an accountant to discover fraud. However, if they do become aware of fraud, they have a duty to report it. Failure to report it could result in liability.

The Failure of an Accountant to Discover Fraud by the Client's