The Lessons for Accountants That Are Inherent in the 1136

question 25

Multiple Choice

The lessons for accountants that are inherent in the 1136 Tenants' Corporation v.Rothenberg case include all of the following except

• A)Engagement letters are as essential for accounting engagements as they are for audit engagements.
• B)Regardless of the nature of the engagement, a public accountant should be alert for and should follow up on any unusual items such as missing invoices.
• C)Accountants should clearly communicate the extent of their association with financial information.
• D)Public accountants cannot be held liable to third parties in non-audit or review engagements.

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