Accountants are liable under the common law for breach of contract if they fail to fulfill their contractual obligations with their clients and for negligence if they fail to exercise due care in the performance of services for their clients
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Q24: Which of the following statements concerning the
Q25: Due professional care occurs when an auditor
Q26: A plaintiff,who is a normal trade creditor,can
Q27: Primary beneficiaries are third parties who have
Q28: Accountants are not liable for misstatements in
Q30: A defendant accountant will likely first try
Q31: Which of the following statements the Foreign
Q32: Due professional care implies that the practitioner
Q33: While conducting an audit,Larson & Larson Chartered
Q34: If the courts conclude that the auditor
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