Asked by

Keleen Ashmead
on Nov 21, 2024

verifed

Verified

An accountant who commits fraud is liable to those parties he or she reasonably should have foreseen would be injured through a justifiable reliance upon the fraudulent information.

Justifiable Reliance

Justifiable reliance is a legal concept where a party makes a decision based on another party's representation or promise, considering the decision reasonable under the circumstances.

Commits Fraud

The act of intentionally deceiving someone in order to gain an unauthorized benefit or harm another person.

Fraudulent Information

False information that is knowingly presented as true to deceive or mislead others, often for personal gain or to fulfill certain objectives.

  • Differentiate between the legal concepts of negligence, fraud, and breach of contract as they apply to accountants.
verifed

Verified Answer

TL
Tristan LeloupNov 27, 2024
Final Answer:
Get Full Answer