Niles,an Accountant,certifies Several Audit Reports on Optimal Operational Processes,Inc

question 20

Essay

Niles,an accountant,certifies several audit reports on Optimal Operational Processes,Inc.,Niles's client,knowing that the company intends to use the reports to borrow money from Prime Business Lending Company to buy new equipment.Niles believes that the reports are true and does not intend to deceive Prime Business,but does not check the reports before certifying them.Can Niles be held liable to Prime Business

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Definitions:

Benefit Society

Actions or initiatives that contribute positively to the well-being and improvement of the community or society as a whole.

Economic Policy Institute

A nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions, managing the overall operations, and resources.

Salaries

Scheduled payments made by employers to employees, usually on a monthly or biweekly basis, as compensation for their labor.