If an Accountant Negligently Provides Advice to a Client and That

question 12

Multiple Choice

If an accountant negligently provides advice to a client and that client suffers economic loss as a result, what type of insurance will cover the damages that the accountant will be required to pay?

• A)Public liability insurance
• B)Negligent advice insurance
• C)Professional indemnity insurance
• D)Tort insurance

Understand the concept of the Consumer Price Index (CPI) and its calculation.

Analyze financial scenarios involving currency conversions and their impacts.

Apply knowledge of ratios and proportions to evaluate financial investments.

Utilize proportional reasoning in assorted financial contexts, including sales, costs, and expenses.