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Finola, a certified public accountant, provides accounting services to Global Trade Corporation. The services include preparing Global Trades financial reports and issuing opinion letters based
- Finola, a certified public accountant, provides accounting services to Global Trade Corporation. The services include preparing Global Trades financial reports and issuing opinion letters based on the reports. In 2014, Global Trade falls into serious financial trouble, but neither Finolas reports nor her opinion letters indicate this situation. Relying on Finolas portrayal of Global Trades financial situation, the firm borrows a large sum of money to build a new shipping facility. In lending Global Trade the money, Harbor City Bank relies on Finolas opinion letter. Finola is aware of this reliance. If Finola did not engage in intentional fraud but was negligent, what is her potential liability?
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