An Accountant Who Works for a Single Business or Government

question 206

Multiple Choice

An accountant who works for a single business or government agency is referred to as a:

• A)Public accountant.
• B)Private accountant.
• C)Certified accountant.
• D)Commission accountant.

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Definitions:

Constructive Fraud

Conduct that is treated as fraud under the law even when there is no proof of intent to defraud, usually because of the existence of a special relationship or fiduciary duty.

Fraudulent Intent

The deliberate intention to deceive another party for unlawful gain or to deprive a victim of a legal right.

Privity

The relationship between parties that are legally participating in the same transaction or agreement.

Accountant Negligence

A situation where an accountant fails to perform their duties with the required level of care and accuracy, leading to financial loss.