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Question
If an accountant follows the GAAS or GAAP guidelines it automatically leads to his or her vindication in a court of law.
FALSE
Unfortunately, the opposite precept is not always true; that is, just because an accountant follows the GAAS or GAAP guidelines does not automatically lead to his or her vindication in a court of law. It is always possible that an accountant can follow the proper principles and procedures yet still make other errors that lead to liability.
Answer
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Related questions
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B. Writ of replevin
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D. a repudiation of contract.