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

question 5

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 the above are correct.

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Definitions:

External Monitoring

The process of assessing and evaluating an organization's performance or compliance by an external body or mechanism.

CEO

The highest-ranking executive in a company or organization, responsible for making major corporate decisions.

Strategic Decision

A significant choice made after careful consideration, often affecting the overall direction of an organization.

Flexible Leadership Theory

A leadership approach that emphasizes adaptability and the ability to adjust leadership styles and strategies based on changing circumstances.