Exam 43: Accountants Legal Liability

In providing services for his client, an accountant obtains information concerning the client's business affairs. What are the legal issues concerning this client information?

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Question 61

An accountant can ethically disclose a client's confidential information if the accountant complies with:

(Multiple Choice)

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Question 62

Anna has a contract to perform accounting services for Intercend Corporation. She breaches her contract in a nonmaterial way. Which of the following is correct with respect to Anna's liability?

(Multiple Choice)

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Question 63

Both the common law and federal law recognize an accountant-client privilege.

(True/False)

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Question 64

An accountant's records, including the data-gathering process followed and the information and conclusions drawn therefrom, are known as:

(Multiple Choice)

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Question 65

Sara holds 1,000 shares of stock in Starr, Inc., which she purchased based upon financial statements that Travis had prepared. She now realizes that the statements were false and wants to sue Travis for common law fraud. What is Travis's best defense?

(Multiple Choice)

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Question 66

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Exam 43: Accountants Legal Liability

In providing services for his client, an accountant obtains information concerning the client's business affairs. What are the legal issues concerning this client information?

An accountant can ethically disclose a client's confidential information if the accountant complies with:

Anna has a contract to perform accounting services for Intercend Corporation. She breaches her contract in a nonmaterial way. Which of the following is correct with respect to Anna's liability?

Both the common law and federal law recognize an accountant-client privilege.

An accountant's records, including the data-gathering process followed and the information and conclusions drawn therefrom, are known as:

Sara holds 1,000 shares of stock in Starr, Inc., which she purchased based upon financial statements that Travis had prepared. She now realizes that the statements were false and wants to sue Travis for common law fraud. What is Travis's best defense?

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

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Formation and Internal Relations of General Partnerships

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Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

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Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

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Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

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