It has been held that when, as a result of his or her negligence, the accountant fails to discover or conceals evidence that a client's employee has been embezzling funds, an accountant is liable only to his or her:

Question

Quizplus · Accepted Answer

The accountant is liable to the client, who suffered financial harm as a result of the embezzlement being undetected or concealed. The accountant does not owe a duty of care to an agent, company, or partner in this scenario.

It Has Been Held That When, as a Result of His