Math counts
Article Abstract:
The Quebec Court of Appeal has ruled that a mathematical error made by an accountant could produce a liability, without discussing whether the error was a result of negligence. It was decided that, as the accountant's client had been entitled to rely fully on him, any further consideration of the scope of the mandate given to the accountant was invalid.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 2000
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Missing facts: a BC Supreme Court decision holds that accountants are not liable if their clients fail to disclose to Revenue Canada all facts relevant to GST
Article Abstract:
A ruling by the Supreme Court of British Columbia indicates that accountants who help their customers with GST calculations and remittances have restricted responsibility.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 2000
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Adviser relationships
Article Abstract:
Accountants who offers a variety of services including financial investments, tax planning and accounting should be aware of the laws for these practices to avoid litigation and liability suits. An analysis of lawsuits filed against different accounting firms indicated frequent occurrence of fiduciary cases or breach of contract resulting from the ignorance and neglect of the firms. Although the courts concluded that since the relationship was motivated by trust and confidence, the firms still had to pay for damages.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1995
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