Accountants liability an accountants legal liability while performing professional duties an accountant is liable for a clients accounting misstatements this risk of being responsible for . Duties and liabilities of accountants the standard of care applicable to the conduct of audits by public accountants is the same as that applied to doctors lawyers architects engineers and others furnishing skilled services for compensation and that standard requires reasonable care and competence thereini in ryan v. Whether providing services as an accountant or auditor a certified public accountant cpa owes a duty of care to the client and third parties who foreseeably rely on the accountants work accountants can be sued for negligence or malpractice in the performance of their duties and for fraud. Accountants negligence and liability is the only title on the market to provide all the information needed fully to analyse potential liability in this field of practice it covers statutory and non statutory audits tax advice specified procedures reporting due diligence reports and corporate finance reporting . About accountants negligence and liability accounting firms can be held liable for the full amount of losses of a collapsed company even if they are only partly to blame accountants negligence and liability is the only title on the market to provide all the information needed fully to analyse potential liability in this field of practice
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