To Whom Does an Accountant Have Potential Liability

question 25

Multiple Choice

To whom does an accountant have potential liability?

• A) To his client only.
• B) To an intended third party beneficiary.
• C) To a foreseen user of the accountant's work.
• D) All of these.

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Definitions:

Performance Benefits

The advantages gained from improved performance, such as increased productivity, higher quality of work, enhanced reputation, and potential financial rewards.

Hardy Personalities

Individuals who exhibit resilience and a positive attitude in the face of stress and adversity.

Promotion-Related Stress

The stress experienced either in the pursuit of a promotion or as a result of the challenges associated with a new, higher-level position.

Strain Reactions

Negative physical or emotional responses that occur when the demands of a task exceed an individual's ability to cope.