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Negligence of a trainee accountant

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Negligence of a trainee accountant

  • This topic has 5 replies, 2 voices, and was last updated 3 months ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • April 28, 2022 at 12:26 pm #654538
    Anonymous
    • Topics: 5
    • Replies: 7
    • ☆

    Hi

    I am just reading in Kaplan textbook (under the law of torts) as follows;
    ”Lack of training.. of the defendant are not relevant. Therefore, the standard skill expected from a trainee accountant is the same as that of any reasonable accountant”

    I think you mentioned in one of the lessons (maybe it wasn’t under the law of tort) that the level of care expected from a young inexperienced trainee accountant is NOT the same as expected from an experienced fully qualified accountant.

    So what is correct?

    April 28, 2022 at 5:12 pm #654557
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22588
    • ☆☆☆☆☆

    That’s a tricky one to interpret. The standard of skill expected of ANY professional is such a degree of skill as might reasonably be expected of that professional

    With reference to trrainees, I believe what the Kaplan statement is probably referring to is the liability for negligence of a member resulting from the negligent work of a trainee working for that member

    In that situation, the member (who employs the trainee) cannot use the ‘excuse’ that the trainee was lacking in professional skills because they were still in training

    Of course that’s an invalid defence. The member should have reviewed the work of the trainee before releasing advice based on that trainee’s work

    Here’s a link from a Guidance Note issued by ACCA

    Hope it helps

    file:///C:/Users/dell/Downloads/Prof_liability.pdf

    OK?

    April 28, 2022 at 5:16 pm #654560
    Anonymous
    • Topics: 5
    • Replies: 7
    • ☆

    of course it helps!

    (besides the link, which is not active…)

    April 28, 2022 at 5:24 pm #654563
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22588
    • ☆☆☆☆☆

    Try this

    ACCA Guidance Note (PDF) Accountants’ Liability for Negligence

    in your browser

    April 29, 2022 at 9:13 am #654598
    Anonymous
    • Topics: 5
    • Replies: 7
    • ☆

    Wow! What a useful article!

    Thanx

    April 30, 2022 at 10:35 am #654641
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22588
    • ☆☆☆☆☆

    Yes, it is isn’t it!

    You’re welcome

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    Posts
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