An Accountant May Be Found Liable If He Fails to Follow

question 36

True/False

An accountant may be found liable if he fails to follow the standards of the accounting profession, not just if he fails to act as a reasonably prudent person would.

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Definitions:

Advantages

Benefits or favorable factors that contribute to success or the achievement of goals.

Haptic Technologies

Technologies that create an experience of touch by applying forces, vibrations, or motions to the user, often used in virtual reality and gaming interfaces.

Business

The practice of making one's living by engaging in commerce, trade, or services.

Written Channels

Forms of communication that involve the use of written language to convey messages, such as emails, letters, reports, and social media posts.