Critically evaluate, in relation to the common law duty of care, the liability of accountants for negligent mistakes made when producing accounts. Does their liability differ depending on whether the mistake understates profits (or overstates losses) compared to the situation where the mistake overstates profits (or understates losses)?
1200 words
- Students should consider using the key word approach to reading essay
questions. This approach looks for three key features in any essay
question. Namely
- The knowledge key words (KKW)
- The relevancy key words (RKW)
- The instructional key words (IKW)
