ADMS 2610 Chapter Notes -Fiduciary, Professional Negligence In English Law, Accountant

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610

Document Summary

The professional: a person with special skills not possessed by most individuals. In a number of situations, particularly where professionals prepare plans or designs for their clients, those professionals may find themselves liable to third parties who have relied on the worth of those plans. This could include investors who rely on audit statements created by an accountant under certain circumstances, or the general public relying on the design work of engineers and architects. the recognition and determination of professional standards for their skills. In most cases, professional recognition requires the creation of a professional body to establish these skill standards with the authority to enforce adherence by those who wish to acquire and use the professional designation. Surgeons) to perform these duties and enforce the standards for performance. The oversight body must also have the authority to revoke the professional designation from persons who fail to maintain the standards of performance for the profession.