In the event of an ethical breach by a payroll accountant,which entity is ultimately liable for any monetary damages due to stakeholders?
A)The payroll accountant
B)The company's CEO or president
C)The governmental entity associated with company oversight
D)The entity that issued the license to the accountant

Question

Quizplus · Accepted Answer

The ultimate liability for any monetary damages due to stakeholders in the event of an ethical breach by a payroll accountant falls on the company's CEO or president. This is because they are responsible for ensuring that the company operates in an ethical and legal manner, and any breach of ethics by an employee ultimately reflects on their leadership and oversight. While the payroll accountant may be held responsible for their actions, the CEO or president will likely be held accountable by stakeholders and regulatory bodies for failing to prevent the breach.

In the Event of an Ethical Breach by a Payroll