Question
Context: Marcus is a senior accountant at Ashe Accounting.He has worked there for 35 years Throughout his time at Ashe Accounting Marcus has received excellent
Context:
Marcus is a senior accountant at Ashe Accounting.He has worked there for 35 years
Throughout his time at Ashe Accounting Marcus has received excellent reviews
A junior accountant notices a few mathematical errors in Marcus' work and brings it to Marcus' attention.Marcus laughs it off as him having added when he should have subtracted and thanks the junior for pointing it out
A week later, the junior accountant notices the same mistake.This time he mentions it to their supervisor
Questions:
1.What action should the supervisor take? (1 mark)
2.From a legal perspective, why should this action be taken? (1 mark)
3.If Marcus' mistakes lead to financial harm, which tort has he committed - be specific? (1 mark)
4.Would Ashe Accounting also be sued?Why or why not? (2 marks)
5.What is the standard of care owed by Marcus? (1 mark)
6.What is the standard of care owed by Ashe Accounting? (1 mark)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started