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Question
Dominique, a certified public accountant, provides accounting servÂices to Eagle Corporation. The services include preparing Eagle's financial reÂports and issuing opinion letters based on the reports. In 2008, Eagle falls into serious financial trouble, but neither Dominique's reports nor her opinion letÂters indicate this situation. Relying on Dominique's portrayal of Eagle's finanÂcial situation, Eagle borrows a large sum of money to build a new shipÂping facility. In lending Eagle the money, First National Bank relies on Dominique's opinion letter. Dominique is aware of this reliance. If Dominique did not enÂgage in intentional fraud but was negligent, what is her potential liability?Answer
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