Which of the Following Is Correct with Regard to an Accountant's

question 9

Multiple Choice

Which of the following is correct with regard to an accountant's contractual liability?

• A) An accountant is bound to perform all the duties she explicitly agrees to perform
• B) An accountant implicitly agrees to perform a contract in a competent and professional manner
• C) An accountant who breaches his contract with a client may also be liable to a third party intended beneficiary
• D) All of these are correct.

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Definitions:

Destroyed

When something is damaged beyond repair or no longer exists in its original form.

Collect

To gather or assemble multiple items or amounts together; also refers to the act of receiving payment.

Insurance Policy

A contract between an insurer and the insured, detailing the terms under which the insurer agrees to provide financial protection against specified risks.

Vandals

Vandals are individuals who deliberately destroy or damage property, often public or another's, without permission or legal right.