Which of the following statements is true of negligence by an accountant?
A) The failure of an accountant to discover fraud by the client's employees or others is in itself proof of negligence by the accountant.
B) The investigative techniques used by accountants will always uncover the fraud of a skillful and careful crook.
C) The traditional defenses of contributory negligence and comparative negligence can apply in a negligence action against an accountant.
D) It is not necessary to notify an appropriate person in management if an accountant has a basis for suspicion of fraud.
Correct Answer:
Verified
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